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Which of the following have we discussed as true as a firm increases its output? average variable cost and average fixed cost will decrease similarly
Which of the following have we discussed as true as a firm increases its output? average variable cost and average fixed cost will decrease similarly average variable cost will decrease more than average fixed cost average fixed cost will decrease more than average variable cost there should be no change in either average variable cost or average fixed cost demand elasticity will determine whether there is a greater impact on average fixed cost or avg variable cost
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