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If ceteris paribus, a firm's production costs decrease, what should happen to its quantity produced? It will decrease along with total benefit. It will decrease.

If ceteris paribus, a firm's production costs decrease, what should happen to its quantity produced?

It will decrease along with total benefit.
It will decrease.
It will increase.
It will be unaffected.
Insufficient data to determine

What role do fixed costs play in marginal analysis?

They are averaged into the marginal cost.
Their value is the level that marginal costs should equal.
The sum of all marginal costs equals the fixed costs.
They are ignored and have no bearing on marginal cost.
They determine the marginal benefit a consumer or producer is referencing.

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