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Which one of the following statements is false? The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output. C Which one of the following statements is false? Cost (£) 150 100 50 50 A 5 10 15 Output (trousers per day) The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output.

Which one of the following statements is false? The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output. C Which one of the following statements is false? Cost (£) 150 100 50 50 A 5 10 15 Output (trousers per day) The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which one of the following statements is false? The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output. C Which one of the following statements is false? Cost (£) 150 100 50 50 A 5 10 15 Output (trousers per day) The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output.
Transcribed Image Text:Which one of the following statements is false? The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output. C Which one of the following statements is false? Cost (£) 150 100 50 50 A 5 10 15 Output (trousers per day) The vertical gap between curves B and C is equal to average fixed cost The vertical gap between curves B and C is equal to average variable cost Curve D represents marginal cost Average fixed cost decreases with output.
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