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5. Refer to Table 14- 1. If the farmer harvested three parrots then: A. fixed cost is zero B. marginal cost is $3 . C.

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5. Refer to Table 14- 1. If the farmer harvested three parrots then: A. fixed cost is zero B. marginal cost is $3 . C. marginal revenue is less than average variable cost D. marginal revenue is less than marginal cost ANS: B PTS: 1 DIF: Moderate TOP: The revenue of a competitive firm NAR: Table 14-1

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