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-In Exhibit H-3 the

Question 12

Multiple Choice

  -In Exhibit H-3 the A)  total fixed cost curve is positively sloped B)  average fixed cost reaches a minimum at 400 units C)  total variable cost curve is U-shaped D)  average total cost equals marginal cost at 300 units E)  marginal cost equals average variable cost between 300 and 400 units
-In Exhibit H-3 the


A) total fixed cost curve is positively sloped
B) average fixed cost reaches a minimum at 400 units
C) total variable cost curve is U-shaped
D) average total cost equals marginal cost at 300 units
E) marginal cost equals average variable cost between 300 and 400 units

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