Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    When a firm is producing zero output, total cost equals
  2. Question

    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
    Which of the following statements is true?
  3. Question

    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
    Which of the following is correct?
  4. Question

    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
    The slope of the total cost curve equals
  5. Question

    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