The average variable cost curve and the average total cost curve get closer to each other as

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The average variable cost curve and the average total cost curve get closer to each other as output increases. What explains this convergence?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:41 AM

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The average variable cost curve and the average total cost curve get closer to each other as

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Average total cost is equal to the sum of average variable c...View the full answer

Economics

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