Which of the Following Statements About Average Costs Is False

question 82

Multiple Choice

Which of the following statements about average costs is false?

• A)The difference between average total cost and average variable cost does not change as output increases.
• B)Average fixed cost decreases as output increases.
• C)Average variable cost first decreases and then increases as output increases.
• D)Average total cost first decreases and then increases as output increases.
• E)The difference between average total cost and average variable cost is average fixed cost.

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Definitions:

Similar Underlying Structure

Refers to different elements or systems having a fundamentally alike foundation or organization despite surface differences.

Metalinguistic Awareness

An understanding of one’s own use of language.

Language Understanding

The ability to comprehend spoken or written communication, including the recognition of vocabulary and grammar, as well as the interpretation of meaning.

Metacognitive Skills

The ability to understand, control, and manipulate one's own cognitive processes, including learning, memory, and comprehension.