Which of the following statements is correct? Multiple Choice ___ Marginal cost is the change in the average fixed cost associated with a change in output of one unit. ___ The marginal cost curve intersects the average variable cost curve at its lowest point. ___ The marginal cost curve intersects the average variable cost curve at a level of output greater than where the marginal cost curve intersects the average total cost curve. ___ If average variable cost is increasing, then average total cost must be increasing, too.

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