Question: Question 6 (1 point) MC is defined as the variable cost divided by the quantity the change in fixed cost as the quantity changes the
Question 6 (1 point) MC is defined as the variable cost divided by the quantity the change in fixed cost as the quantity changes the change in total cost as the quantity changes the total costs divided by the quantity Question 7 (1 point) The Average Fixed Cost is always declining because the amount of fixed cost attributed to each additional unit produced gets smaller at some point average variable cost is greater than average total cost it is a long-run concept of economies of scale
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