Why does the vertical distance between the ATC curve and the AVC curve decrease as output increases?
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Q25: What is the relationship between marginal cost
Q96: Q97: Q98: Suppose that at Jones & Smith Shoe Q100: Marginal cost equals average total cost Q102: The period of time when a firm Q104: The increase in total cost that results Q105: Recall the Application about the marginal cost Q106: Whenever the marginal cost is less than Q132: Average variable cost and average total costs
A) when
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