If a firm that has total revenue of $5 million shuts down,we may conclude that its variable costs are _________.
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Q139: When MC is falling,ATC and AVC
A)must be
Q140: Statement I: The marginal cost curve crosses
Q141: When MC is rising,AVC
A)must be rising.
B)must be
Q142: The law of diminishing returns predicts that
A)total
Q143: Suppose you owned a 40-acre farm and
Q145: When AVC is falling,ATC
A)must be rising.
B)must be
Q146: When the production function is at its
Q147: Each of the following is a variable
Q148: George and Dick's used car lot has
Q149: When MC is rising,ATC
A)must be rising.
B)must be
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