costs that change relative to output . Match each term with its correct definition by placing the

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costs that change relative to output

. Match each term with its correct definition by placing the appropriate letter next to the corresponding number.
A. average total costs (ATC) G. zero economic profit B. marginal costs (MC) H. positive economic C. short run profit D. long run I. negative economic E. law of diminishing profit marginal returns J. normal profit F. economic profit K. fixed costs L. variable costs

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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