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MMLU / Which of the following is true?

Problem

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question

Which of the following is true?

choices

  1. Average total cost = total fixed costs divided by the number of units produced.
  2. Average total cost = average variable costs divided by the total number of units produced.
  3. Average total cost = average variable cost plus marginal cost.
  4. Average total cost = average variable cost plus average fixed cost.

subject

high_school_microeconomics

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Official source

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