Identify the truthfulness of the following statements.
I. Marginal cost can be measured as the slope of the total cost curve.
II. Average total cost can be measured as the slope of the ray from the origin to the total cost curve.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Question

Identify the truthfulness of the following statements. 
I. Marginal cost can be measured as the slope of the total cost curve.
II. Average total cost can be measured as the slope of the ray from the origin to the total cost curve.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Quizplus · Accepted Answer

Marginal cost is indeed the slope of the total cost curve, and average total cost is the slope of the ray from the origin to the total cost curve.

Identify the Truthfulness of the Following Statements