Which One of the Following Statements Is False

question 76

Multiple Choice

Which one of the following statements is false?

• A)The average total cost curve and average variable cost curve are U-shaped.
• B)The gap between the average total cost curve and the average variable cost curve equals marginal cost.
• C)The gap between the average total cost curve and the average variable cost curve narrows as output increases.
• D)The marginal cost curve intersects the average variable cost curve at minimum average variable cost.
• E)The marginal cost curve intersects the average total cost curve at minimum average total cost.

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Definitions:

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A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.

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A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.