In the short run, marginal cost is positive and increasing at output levels where total variable cost is ________ at a(n) ________ rate.
A. decreasing; increasing
B. increasing; increasing
C. decreasing; decreasing
D. increasing; decreasing
Answer: B
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How can this be considered a differentiated product?
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A. inefficient. B. impossible. C. efficient. D. utility-maximizing.
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a. True b. False Indicate whether the statement is true or false
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