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    Principles of Economics Study Set 8
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    Exam 13: The Costs of Production
  5. Question
    If the Marginal Cost of Producing the Tenth Unit of Output
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If the Marginal Cost of Producing the Tenth Unit of Output

Question 134

Question 134

True/False

If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of output is $2, then at ten units of output, average total cost is rising.

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