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Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 9

9708Types of cost, revenue and profit, short-run and long-run production

The marginal cost curve of a firm passes through the lowest point of the firm's

  1. Aaverage fixed cost curve.
  2. Baverage variable cost curve.
  3. Cmarginal revenue curve.
  4. Dtotal cost curve.

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Correct answer: B. average variable cost curve.

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