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For the Cost Function

Question 9

Multiple Choice

For the cost function For the cost function : A) marginal cost is constant. B) average cost is U-shaped. C) fixed costs diminish with q. D) all of the above are true.:


A) marginal cost is constant.
B) average cost is U-shaped.
C) fixed costs diminish with q.
D) all of the above are true.

Correct Answer:

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