Question: The vertical distance between the average variable cost and average total cost curves: a. Is everywhere equal to total fixed costs. b. Is everywhere equal

The vertical distance between the average variable cost and average total cost curves:

a. Is everywhere equal to total fixed costs.

b. Is everywhere equal to marginal cost.

c. Increases at a decreasing rate.

d. First decreases and then increases, as output increases.

e. Always decreases, as output increases.

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