Marginal cost is the slope of the average total cost curve.
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Q140: In the long run,all costs are variable.
Q207: Diminishing marginal returns occurs when marginal product
Q209: If marginal cost is rising, average variable
Q210: In the range of diminishing marginal returns
Q211: Total cost is constant because fixed cost
Q213: Firms are organizations that produce goods and
Q214: Assume that the units of variable input
Q215: If the total costs per day of
Q216: If marginal product is less than average
Q217: If marginal product is greater than average
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