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3. As marginal cost rises, average variable cost necessarily rises. * True False

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5QR

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3. As marginal cost rises, average variable
cost necessarily rises.
True
False

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