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Exhibit 8-3 the Shape of the Total Cost Curve

Question 46

Multiple Choice

Exhibit 8-3 Exhibit 8-3 The shape of the total cost curve between outputs a and b in Exhibit 8-3 reflects A) fixed cost B) increasing profits C) diminishing marginal returns D) increasing marginal returns E) economies of scale The shape of the total cost curve between outputs a and b in Exhibit 8-3 reflects


A) fixed cost
B) increasing profits
C) diminishing marginal returns
D) increasing marginal returns
E) economies of scale

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