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At 130,000 units of output, a firm's marginal cost and average total cost are both $0.75. We can conclude that at this quantity of output
At 130,000 units of output, a firm's marginal cost and average total cost are both $0.75. We can conclude that at this quantity of output the firm's average total cost curve is:
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upward-sloping.
downward-sloping.
at its minimum.
vertical.
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