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2 pts Question 6 rate. at ain) inthe short run where total variable oast is. cos

ID: 1162102 • Letter: 2

Question

2 pts Question 6 rate. at ain) inthe short run where total variable oast is. cost is positive and increasing. increasing: increasing O increasing; decreasing decreasing: increasing deoreasing: decreasing 2 pts Question7 The explanation for why marginal cost is positive and rising in the short run is marginal product of labor in the production process O a zero a constant O an increasing O a dminishing Question8 2 pts Marginal cost is average variable cost when equal to, average total cost is minimized less than, total cont is maximized O greater thar average foxad codt is minimized O equal to, average variable cost is mirimized Question 9 2 pts t the average variable cost curve is above the marginal cost curve, then marginal cosis must be decieasing

Explanation / Answer

Q6. Answer is Increasing; increasing Q7. Answer is a diminishing Q8. Answer is Equal to; average variable cost is minimized.

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