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Figure 12 MC ATC AVC Cost (dollars per bagel) O 5 10 15 20 25 30 35 40 45 50 Quantity (hundreds of bagels per

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Figure 12 MC ATC AVC Cost (dollars per bagel) O 5 10 15 20 25 30 35 40 45 50 Quantity (hundreds of bagels per day) If the firm chooses to reduce production from 35 hundred bagels per dat to 20 hundred bagels per day, then the average fixed cost per unit output increases. True False

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