Question: TRUE 0R FALS 1. The total variable cost line is characterized as a straight horizontal line. If Total Revenue is greater than Total Cost, profit

TRUE 0R FALS 1. The total variable cost line is characterized

TRUE 0R FALS 1. The total variable cost line is characterized as a straight horizontal line. If Total Revenue is greater than Total Cost, profit is negative. If marginal is greater than the average, the average decreases. AAVC/AQ is marginal cost. Variable Cost is also referred to as sunk cost. S-\"P'P'N

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