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| Q. |
If the short-run average variable costs of production for a firm are rising, then this indicates that: |
| A. | Average total costs are at a maximum. |
| B. | Average fixed costs are constant. |
| C. | Marginal costs are above average variable costs. |
| D. | Average variable costs are below average fixed costs. |
| Answer» C. Marginal costs are above average variable costs. | |
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