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    Managerial Economics Study Set 4
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    Exam 7: The Theory and Estimation of Cost Appendices 7A,7B,and 7C
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    When a Firm Increased Its Output by One Unit,its AC
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When a Firm Increased Its Output by One Unit,its AC

Question 57

Question 57

Multiple Choice

When a firm increased its output by one unit,its AC rose from $45 to $50.This implies that its MC is


A) $5.
B) between $45 and $50.
C) greater than $50.
D) Cannot be determined from the above information

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