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    Exam 11: Technology, Production, and Costs
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    Figure 11-5 -Refer to Figure 11-5.Curve G Approaches Curve F Because
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Figure 11-5 -Refer to Figure 11-5.Curve G Approaches Curve F Because

Question 19

Question 19

Multiple Choice

Figure 11-5
Figure 11-5    -Refer to Figure 11-5.Curve G approaches curve F because A) marginal cost is above average variable costs. B) average fixed cost falls as output rises. C) fixed cost falls as capacity rises. D) total cost falls as more and more is produced.
-Refer to Figure 11-5.Curve G approaches curve F because


A) marginal cost is above average variable costs.
B) average fixed cost falls as output rises.
C) fixed cost falls as capacity rises.
D) total cost falls as more and more is produced.

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