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    Business
  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 11: Output and Costs
  5. Question
    If as Output Increases Average Product Increases, Then
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If as Output Increases Average Product Increases, Then

Question 1

Question 1

Multiple Choice

If as output increases average product increases, then


A) average total cost decreases.
B) average fixed cost decreases.
C) marginal cost decreases.
D) average variable cost decreases.

Correct Answer:

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