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    Exam 11: Output and Costs
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    -As Illustrated in the Above Figure, After 40 Gallons Are
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-As Illustrated in the Above Figure, After 40 Gallons Are

Question 406

Question 406

Multiple Choice

  -As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream Kitchen, the AVC curve starts to slope upward. The AVC starts to slope upward because the A)  MC curve slopes upward. B)  MC exceeds the AVC. C)  ATC curve has not yet reached its minimum. D)  None of the above answers is correct.
-As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream Kitchen, the AVC curve starts to slope upward. The AVC starts to slope upward because the


A) MC curve slopes upward.
B) MC exceeds the AVC.
C) ATC curve has not yet reached its minimum.
D) None of the above answers is correct.

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