In the short run, as output increases,
A. the difference between average total cost and average variable cost decreases.
B. marginal cost eventually decreases.
C. the difference between total cost and average variable cost decreases.
D. All of the above are correct.
Answer: A
Economics
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Indicate whether the statement is true or false
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The slope of the consumption function shows how: a. consumption changes over time. b. consumption changes as household size changes
c. consumption changes as the price level changes. d. income changes as the level of consumption changes. e. consumption changes as the level of income changes.
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