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    Exam 11: Output and Costs
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    -In the Above Figure, as Output Increases, the Distance Between
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-In the Above Figure, as Output Increases, the Distance Between

Question 249

Question 249

Multiple Choice

  -In the above figure, as output increases, the distance between curves B and C decreases because A)  total cost decreases as output increases. B)  average fixed cost decreases as output increases. C)  there are diminishing returns to average total cost. D)  there are increasing marginal costs as output increases.
-In the above figure, as output increases, the distance between curves B and C decreases because


A) total cost decreases as output increases.
B) average fixed cost decreases as output increases.
C) there are diminishing returns to average total cost.
D) there are increasing marginal costs as output increases.

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