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TRUE 0R FALS 1. The total variable cost line is characterized as a straight horizontal line. If Total Revenue is greater than Total Cost, profit

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TRUE 0R FALS 1. The total variable cost line is characterized as a straight horizontal line. If Total Revenue is greater than Total Cost, profit is negative. If marginal is greater than the average, the average decreases. AAVC/AQ is marginal cost. Variable Cost is also referred to as sunk cost. S-\"P'P'N

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