An increase in the demand for orthodontic services leads to
A) an increase in the supply of orthodontists. B) a rise in the rates of dental insurance.
C) lower prices for orthodontic care. D) an increase in the demand for orthodontists.
Question 2
Which of the following is true at the output level where average total cost is at its minimum?
A) Marginal cost equals average variable cost. B) Average variable cost equals fixed cost.
C) Average total cost equals average fixed cost. D) Marginal cost equals average total cost.
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