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-Refer to Table 5

Question 47

Multiple Choice

-Refer to Table 5.7. What is true as the firm expands output from two units to three units? A) Diminishing returns are observed. B) Average total cost increases. C) Average total cost decreases. D) Marginal cost remains constant.
-Refer to Table 5.7. What is true as the firm expands output from two units to three units?


A) Diminishing returns are observed.
B) Average total cost increases.
C) Average total cost decreases.
D) Marginal cost remains constant.

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