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The Relationship Between Average Cost and Marginal Cost
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The Relationship Between Average Cost and Marginal Cost
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10. The Costs of Production / The Relationship Between Average Cost and Marginal Cost / Problem 1
Problem 1
What happens to average cost when marginal cost is equal to average cost?
A
Average cost decreases.
B
Average cost increases.
C
Average cost fluctuates unpredictably.
D
Average cost remains unchanged.
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