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When a firm is producing the output at which average product is at a maximum, what type of cost is at a minimum? The output
When a firm is producing the output at which average product is at a maximum, what type of cost is at a minimum?
The output at which average product is at a maximum is the same output at which _______ is at a minimum.
A.
average variable cost
B.
marginal cost
C.
average total cost
D
average fixed cost
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