At relatively low levels of output, the firms average fixed cost dominates its average total cost, but

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At relatively low levels of output, the firm’s average fixed cost dominates its average total cost, but at relatively high levels of output, the firm’s average variable cost dominates. Why?

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:04 AM

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At relatively low levels of output, the firms average fixed cost dominates its average total cost, but at relatively high levels of output, the firms average variable cost dominates. Why?
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At relatively low levels of output, the firms average fixed cost dominates its average total cost, but

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Principles Of Microeconomics

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