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    Principles of Economics Study Set 3
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    Exam 13: The Costs of Production
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    Figure 13-7 -Refer to Figure 13-7.Quantity B Represents the Output Level Where
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Figure 13-7 -Refer to Figure 13-7.Quantity B Represents the Output Level Where

Question 89

Question 89

Multiple Choice

Figure 13-7 Figure 13-7   -Refer to Figure 13-7.Quantity B represents the output level where the firm A)  maximizes profits. B)  minimizes average variable costs. C)  produces at the efficient scale. D)  minimizes marginal costs.
-Refer to Figure 13-7.Quantity B represents the output level where the firm


A) maximizes profits.
B) minimizes average variable costs.
C) produces at the efficient scale.
D) minimizes marginal costs.

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