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Author Question: The marginal cost curve intersects the average total cost and average variable cost curves at their ... (Read 498 times)

yoooooman

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on: Jun 30, 2018
The marginal cost curve intersects the average total cost and average variable cost curves at their minimum points.
  Indicate whether the statement is true or false

Question 2

A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm.
 a. True
  b. False
  Indicate whether the statement is true or false


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yasmin

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Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

False


yoooooman

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Reply #2 on: Jun 30, 2018
Thank you


yasmin

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Reply #3 on: Jun 30, 2018
No problemo


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