Average cost is
A) Total variable cost divided by total units produced
B) Total fixed cost divided by total units produced
C) Total cost divided by total units produced
D) Equal to marginal cost
Correct Answer:
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Q32: When economists speak of "marginal",they mean
A)Opportunity
B)Scarcity
C)Incremental
D)Unimportant
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A)Is the additional cost incurred by
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