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Which of the following statements is false? Select one: a.The marginal cost curve and the marginal product curve are mirror-images of each other. b.Total fixed
Which of the following statements is false?
Select one:
a.The marginal cost curve and the marginal product curve are mirror-images of each other.
b.Total fixed costs are constant, no matter how much output is being produced.
c.Total costs are never smaller than total variable cost.
d.The cost of material is a variable cost.
e.Marginal cost is equal to total cost divided by output.
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