The marginal cost curve intersects the average total cost and average variable cost curves at their maximum points.
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Q8: A technological change that increases productivity shifts
Q9: A technological change that decreases productivity results
Q10: Managers often refer to their fixed costs
Q11: Average total cost is total cost per
Q12: Marginal cost measures how much total cost
Q14: When marginal cost lies below average total
Q15: The long-run average total cost curve shows
Q16: When a firm realizes economies of scale,
Q17: A 10 percent increase in all inputs
Q18: The marginal cost curve and average total
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