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Exhibit 7.4 -Refer to Exhibit 7.4,which Shows Short-Run Average Cost Curves.Average Cost

Question 149

Multiple Choice

Exhibit 7.4
Exhibit 7.4 -Refer to Exhibit 7.4,which shows short-run average cost curves.Average cost is lowest for a small plant when output is _____ A) at q. B) less than q<sub>a</sub> C) between q<sub>a</sub> and q<sub>b</sub>. D) more than q<sub>b</sub>. E) more than q'.
-Refer to Exhibit 7.4,which shows short-run average cost curves.Average cost is lowest for a small plant when output is _____


A) at q.
B) less than qa
C) between qa and qb.
D) more than qb.
E) more than q'.

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