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Which of the Following Statements Can NOT Be Made About

Question 114

Multiple Choice

Which of the following statements can NOT be made about production in the long run?


A) Average total cost falls as output initially increases.
B) Total cost increases as the level of output increases.
C) Total cost is greater than zero at a zero level of output.
D) Marginal cost is less than average total cost at output levels where average total cost is falling.

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