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    Exam 13: The Costs of Production.
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    Table 13-15 Consider the Following Table of Long-Run Total Cost for Four
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Table 13-15 Consider the Following Table of Long-Run Total Cost for Four

Question 54

Question 54

Multiple Choice

Table 13-15
Consider the following table of long-run total cost for four different firms:
Table 13-15 Consider the following table of long-run total cost for four different firms:    -Refer to Table 13-13.Which firm's long-run marginal cost decreases as output increases? A)  Firm 1 B)  Firm 2 C)  Firm 3 D)  Firm 4
-Refer to Table 13-13.Which firm's long-run marginal cost decreases as output increases?


A) Firm 1
B) Firm 2
C) Firm 3
D) Firm 4

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