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When Katso Corporation produces 35 units of output, its average variable cost is P5. The marginal cost of the 36th unit of output is P7.
When Katso Corporation produces 35 units of output, its average variable cost is P5. The marginal cost of the 36th unit of output is P7. If the firm choose to produce the 36th unit of output, what will happen to average variable cost? Explain
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
