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Author Question: The marginal cost curve: a. Declines initially as output increases and rises with further increases ... (Read 77 times)

Themember4

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on: Jul 1, 2018
The marginal cost curve:
 a. Declines initially as output increases and rises with further increases in output
  b. Is equal to the average variable cost curve
  c. Rises initially as output increases and declines with further increases in output
  d. Is always constant

Question 2

The marginal decision rule will be replaced with the net present value rule when:
 a. costs and benefits occur at approximately the same time
  b. costs are incurred immediately
 c. benefits are incurred immediately
 d. the marginal decision rule is never replaced


recede

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


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