Which of the following are true? (1) Average fixed costs never increase with output. (2) Average total

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Which of the following are true?

(1) Average fixed costs never increase with output.

(2) Average total costs are always greater than or equal to average variable costs.

(3) Average cost can never rise while marginal costs are declining.

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:04 AM

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Which of the following are true? (1) Average fixed costs never increase with output. (2) Average total

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Intermediate Microeconomics

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