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The curve labeled 1 represents which of the following?

A.
Marginal cost
B.
Marginal product of labor
C.
Average total cost
D.
Average variable cost
E.
Average fixed cost
Microeconomics
AP
College Board
Exam No： AP Micro Practice Test 4 Year：2024 Question No：APMicroeconomics2024AP0236

Answer:

A

Knowledge points:

3.1 The Production Function
3.2 Short-Run Production Costs
3.3 Long-Run Production Costs

Solution:

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