Define average total cost, average variable cost, and average fixed cost, respectively, using letter symbols.
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Q44: The short-run average total cost curve gets
Q45: Average product
A)is a standard unit of measure
Q46: Increasing returns occur when
A)marginal cost is increasing.
B)marginal
Q47: When a one-unit increase in input increases
Q48: Exhibit 8-4 Q50: Why can't economists identify a definite time Q51: Increasing marginal product of labor results in Q52: When marginal cost is less than average Q53: Marginal product is at its maximum when Q54: Exhibit 8-4 
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