ECON2150 MIDTERM #2 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+||NEWEST VERSION
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Course
ECON 2105
Institution
ECON 2105
Quiz: what is the relationship between MC and AC when there is
decreasing returns?
Ans: MC > AC
Quiz: what is the relationship between MC and AC when there is
constant returns?
Ans: MC = AC
Quiz: what is the relationship between MC and AC when there is
increasing returns?
Ans: MC <...
1
ECON2150 MIDTERM #2 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ||ALREADY GRADED A+||NEWEST
VERSION
Quiz: what is the relationship between MC and AC when there is
decreasing returns?
Ans: MC > AC
Quiz: what is the relationship between MC and AC when there is
constant returns?
Ans: MC = AC
Quiz: what is the relationship between MC and AC when there is
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