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Question 1 Marginal cost is average variable cost when . a.equal to; average total cost is minimized b.less than; total cost is maximized c.greater than;

Question 1

Marginal cost is average variable cost when .

a.equal to; average total cost is minimized

b.less than; total cost is maximized

c.greater than; average fixed cost is minimized

d.equal to; average variable cost is minimized.

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