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5) In the following Figure, label the x-axis, the curves and the lines using the following 6 labels: ATC. MC. AVC, AVC min, ATC

5) In the following Figure, label the x-axis, the curves and the lines using the following 6 labels: ATC. MC. AVC, AVC min, ATC min. Q. (14 points) $/Q MC AVC min Where does labor specialization occur? Where do diminishing returns take effect? ATC ATC min AVC Q2 -Q

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