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Question
As the production increases beyond a point, the vertical distance between the average total cost curve and the average variable cost curve generally ________________.
As the production increases beyond a point, the vertical distance between the average total cost curve and the average variable cost curve generally ________________.
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Solution
The correct option is A diminishes
As AFC diminishes continuously, hence the vertical distance between the ATC curve and the AVC curve generally diminishes.
As AFC diminishes continuously, hence the vertical distance between the ATC curve and the AVC curve generally diminishes.
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