The following table shows the relationship between output and costs for two firms in the short run.
Which of the following is correct?
A) B has lower fixed costs than A
B) A has higher per-unit costs than B at an output level of 1.
C) A has greater marginal costs than B at each level of output.
D) B starts experiencing diminishing marginal returns with the second unit of output.
Correct Answer:
Verified
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