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2) Consider a rm producing output level Q. It incurs a fixed cost F and a unit cost of production C. Which of the following

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2) Consider a rm producing output level Q. It incurs a fixed cost F and a unit cost of production C. Which of the following statements is correct? The total cost of production is F + CO. The average cost is C. The marginal cost is F/Q + C. All of the above. 0.51 5'51)

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