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Business, 05.12.2019 02:31 nancy00

A firm's minimum average variable cost of $25 a backpack occurs when the firm produces 4 backpacks a day. draw the firm's supply curve. label the supply curve below $25 a backpack s1 and the supply curve above $25 a backpack s2. a firm's supply curve a. is the same as the average variable cost curve at all points above the shutdown point b. is vertical at the shutdown point c. is the same as the marginal cost curve at all points above minimum average variable cost d. is the same as the average total cost curve at all points above the shutdown point

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