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Business, 25.03.2020 17:39 kaitlyn7077

Which of the following statements is true?
a. As output increases, average fixed cost becomes smaller and smaller.
b. Average fixed cost does not change as output increases.
c. The marginal cost curve intersects the average fixed cost curve at its minimum point.
d. When marginal cost is greater than average fixed cost, average fixed cost increases.

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Which of the following statements is true?
a. As output increases, average fixed cost becomes...
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