Exhibit 7-8 
In Exhibit 7-8, A is marginal cost, B is average variable cost and C is average total cost, the vertical distance between lines B and C at any level of output represents
A) marginal cost
B) average total cost
C) average variable cost
D) average fixed cost
E) average marginal cost
Correct Answer:
Verified
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Q151: If marginal cost exceeds average variable cost,
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A)is always
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