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Average Total Cost: Short Run and Long Run
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Average Total Cost: Short Run and Long Run
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10. The Costs of Production / Average Total Cost: Short Run and Long Run / Problem 2
Problem 2
What is the primary characteristic of fixed costs in the short run?
A
They increase as output decreases.
B
They decrease as output increases.
C
They remain constant regardless of the level of output.
D
They vary directly with the level of output.
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