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True or False; Please explain Consider the relationship between the long-run total cost curve and the marginal and average cost curve. The slope of the total cost curve at each point is how you derive the marginal cost curve while the slope from the origin to a point on the total cost curve is how you derive the average cost curve..

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True or False; Please explain Consider the relationship between the long-run total cost curve and the marginal and average cost curve. The slope of the total cost curve at each point is how you derive the marginal cost curve while the slope from the origin to a point on the total cost curve is how you derive the average cost curve.

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