A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total

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A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total costs rise, fall, or stay the same?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:49 PM

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A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total

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