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Which of the Following Statements Is True

Question 79

Multiple Choice

Which of the following statements is true?


A) If the marginal cost curve is above the AFC curve, the AFC curve must be rising.
B) Average total cost equals average variable cost minus average fixed cost.
C) As output increases, the average variable cost curve gets closer to the average total cost curve.
D) The AFC curve is horizontal as output increases.

Correct Answer:

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