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Last spring, Coil Spring Co. reported that average fixed costs had increased but average variable costs were unchanged. This indicates that __________. Group of answer
Last spring, Coil Spring Co. reported that average fixed costs had increased but average variable costs were unchanged. This indicates that __________.
Group of answer choices
fixed costs have increased
output is declining
marginal costs have increased
marginal costs are less than average variable cost but greater than average cost
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