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4. Answer true or false and explain: a. An increase in fixed cost increases marginal cost. b. When marginal cost is above average total cost,

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4. Answer true or false and explain: a. An increase in fixed cost increases marginal cost. b. When marginal cost is above average total cost, average total cost must be falling. c. The short-run average total cost can never be less than the long-run average total cost

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