The average variable cost curve and the average total cost curve get closer to each other as output increases. What explains this?
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At the start of production, fixed costs are higher than the variable costs but as production increases the variable costs increase. Thus, as quantity increases, both the variable costs and, consequently, the total costs will continue to increase.
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Newton's second law of motion is F = ma, or force is equal to mass times acceleration. Learn how to use the formula to calculate acceleration.
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