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Which of the following statements is true And why? 1)The total variable cost curve shows the variable costs of production given current factor prices. 2)

Which of the following statements istrue And why?

1)The total variable cost curve shows the variable costs of production given current factor prices.

2) Total variable cost is inversely related to output.

3) The total variable cost curve decreases as output increases.

4)Total variable cost is always greater than total fixed cost.

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