-In the Above Figure, Which of the Following Statements Is

question 449

Multiple Choice

-In the above figure, which of the following statements is FALSE?

• A) The total fixed cost curve is curve C.
• B) Total variable cost and total cost both increase as output increases.
• C) Marginal cost is equal to the slope of curve A.
• D) The vertical gap between curves A and B is equal to average fixed cost.

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