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    Economics Principles and Policy Study Set 1
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
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    In the Short Run, Which Are Most Important in Determining
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In the Short Run, Which Are Most Important in Determining

Question 27

Question 27

Multiple Choice

In the short run, which are most important in determining changes in output?


A) marginal costs and revenue 
B) total costs and revenue 
C) average costs and revenue 
D) fixed costs

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