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1 When marginal cost is greater than average variable cost, average variable cost is...... 2 When marginal cost is less than average variable cost, average

1 When marginal cost is greater than average variable cost, average variable cost is......

2 When marginal cost is less than average variable cost, average variable cost is..........

3 Match the term below to it's formula definition: marginal revenue (MR)...........

4 Match the term below to it's formula definition average fixed cost (AFC)......

Match the term below to it's formula definition: marginal cost (MC).....

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