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This Table Shows the Total Costs for Various Levels of Output

Question 80

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This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market. This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.   According to the table shown,the firm's marginal costs: A)  are constant. B)  increase as output increases. C)  decrease until the 2<sup>nd</sup> unit, then increase. D)  increase until the 4<sup>th</sup> unit, then decrease. According to the table shown,the firm's marginal costs:


A) are constant.
B) increase as output increases.
C) decrease until the 2nd unit, then increase.
D) increase until the 4th unit, then decrease.

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