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Which of the Following Statements Is Correct

Question 109

Multiple Choice

Which of the following statements is correct?


A) Marginal cost is a variable cost.
B) Marginal cost is a fixed cost.
C) Marginal cost is a long-run total cost.
D) Marginal cost is a short-run average fixed cost.
E) Marginal cost is a long-run average fixed cost.

Correct Answer:

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