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Which of the following statements are TRUE? Select all that apply. Group of answer choices When marginal cost is greater than average total cost, average
Which of the following statements are TRUE? Select all that apply. Group of answer choices When marginal cost is greater than average total cost, average total cost increases. As output increases, average fixed cost becomes smaller and smaller. The marginal cost curve intersects the average variable cost curve at its minimum point. The marginal cost curve intersects the average fixed cost curve at its minimum point. When marginal product is decreasing, marginal cost is also decreasing. Average fixed cost does not change as output increases
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