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    Exam 7: Production, Inputs, and Cost: Building Blocks for Supply Analysis
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    Which of the Following Observations Is True
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Which of the Following Observations Is True

Question 168

Question 168

Multiple Choice

Which of the following observations is true?


A) TFC remains the same irrespective of units of output produced.
B) TVC remains the same irrespective of units of output produced.
C) TVC falls as the unit of output increases.
D) AFC increases as output increases further and further.

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