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In the Diagram It Is Assumed That

Question 349

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In the diagram it is assumed that A) some costs are fixed and other costs are variable. B) all costs are variable. C) the law of diminishing returns determines the shape of the cost curve. D) marginal product first falls, but ultimately rises as output is increased. In the diagram it is assumed that


A) some costs are fixed and other costs are variable.
B) all costs are variable.
C) the law of diminishing returns determines the shape of the cost curve.
D) marginal product first falls, but ultimately rises as output is increased.

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