Question: Average total cost:Multiple Choice 0 2 : 0 8 : 3 3 decreases when output levels are low, then increases as output increases.increases when output

Average total cost:Multiple Choice

02

08

33

decreases when output levels are low, then increases as output increases.increases when output levels are low, then decreases as output decreases.is minimized when it equals average variable cost.is maximized when it equals marginal cost.

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