Which One of the Following Statements Is False

question 28

Multiple Choice

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.

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