Which one of the following statements is false?
A) Total variable cost plus total fixed cost equals total cost.
B) Marginal cost equals the change in total cost divided by the change in output.
C) Average total cost is calculated by dividing total cost by the level of output.
D) The average cost curve is U-shaped.
E) The total cost curve is U-shaped.
Correct Answer:
Verified
Q82: The vertical distance between the TC and
Q83: Use the table below to answer the
Q84: Average variable cost is at a minimum
Q85: If an increase in output from 5
Q86: Choose the correct equation.
A)TFC = TC/Q
B)TFC =
Q88: Use the figure below to answer the
Q89: Which one of the following statements is
Q90: Use the figure below to answer the
Q91: Which one of the following is false?
A)The
Q92: Marginal cost is equal to
A)total cost divided
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