Total variable costs will initially increase and then begin to decrease as output increases.
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Q44: The marginal cost curve shows the per-unit
Q45: The firm's average cost curve is the
Q46: Economies of scale are also called increasing
Q47: The short-run average cost curve shows the
Q48: Total fixed cost falls as output expands.
Q50: Variable cost changes as the time period
Q51: The average total cost curve of a
Q52: A total cost curve shows the largest
Q53: Cost curves in the long run differ
Q54: The average fixed cost curve increases as
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