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| Q. |
Which of the following statement is true about average cost function |
| A. | ATC= AFC-AVC |
| B. | AVC = AFC + ATC |
| C. | AFC = ATC+AVC |
| D. | ATC = AFC + AVC |
| Answer» D. ATC = AFC + AVC | |
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Fundamentals of Economics and ManagementNo comments yet