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MicroS06-I.1

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Question from Past Microeconomics Qualifying ExamEdit

Spring 2006 - Section I, Question one, George Mason University

T, F, U. State first whether the following statements are true, false or uncertain. Then briefly explain your reasoning in four or five sentences. You may use a graph if it helps clarify your answer.

Cost curves are “monetized” reciprocals of product curves.

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