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Average fixed
a. equals marginal cost when average total cost is at its minimum.
b. may be found for any output by adding average variable cost and average total cost.
c. graphs as a u-shaped curve.
d. declines continually as output increases.
Answers: 3
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Average fixed
a. equals marginal cost when average total cost is at its minimum.
...
a. equals marginal cost when average total cost is at its minimum.
...
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