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Which one of the following statements is false?
A. Average total cost is total cost per unit of output.
B. Marginal cost depends on the amount of labour hired.
C. Average fixed cost plus average variable cost equals average total cost.
D. Total cost equals total fixed cost plus total average cost.
E. Marginal cost is the increase in total cost resulting from a unit increase in output.
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Which one of the following statements is false?
A. Average total cost is total cost per unit of ou...
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