Short-Run Average Total Cost Is Equal to Short-Run Total Cost

question 78

True/False

Short-run average total cost is equal to short-run total cost divided by the level of output.

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Definitions:

Hypothetical Syllogism

A form of logical argument where two conditional statements lead to a conclusion if the first condition is true, then the conclusion follows.

Modus Ponens

A form of logical argument that concludes a certain consequent from a single premise in the form "If P, then Q" and P, therefore Q.

Modus Tollens

A form of deductive argument in logic that, if the implication is true, then denies the consequent to conclude the denial of the antecedent.

Proposition

A declarative sentence that can be evaluated as true or false, conveying a statement or assertion.