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If short-run average total cost equals short-run marginal cost, then: O Short-run average total cost is at a minimum. O Short-run marginal cost is
If short-run average total cost equals short-run marginal cost, then: O Short-run average total cost is at a minimum. O Short-run marginal cost is at a minimum. O Both (a) and (b) above. O Neither (a) nor (b) above.
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
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