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    Economic Principles
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    Exam 11: The Cost of Doing Business
  5. Question
    Average Total Cost Must Be _____ Whenever Marginal Cost Is
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Average Total Cost Must Be _____ Whenever Marginal Cost Is

Question 52

Question 52

Multiple Choice

Average total cost must be _____ whenever marginal cost is less than average total cost.


A) increasing
B) decreasing
C) maximized
D) minimized

Correct Answer:

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