Which One of the Following Statements Is False

question 112

Multiple Choice

Which one of the following statements is false?

• A)Average total cost is total cost per unit of output.
• B)Average fixed cost plus average variable cost equals average total cost.
• C)Marginal cost is the increase in total cost resulting from a one-unit increase in output.
• D)Total cost equals fixed cost plus average cost.
• E)Marginal cost depends on the amount of labour hired.

---

Definitions:

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education within the United States.

Accounting Records

Documents and books that systematically record all financial transactions of an entity.

Personal Records

Personal records are documents or files pertaining to an individual's private life, including personal identification, financial accounts, health records, and employment details.

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies must follow when they compile their financial statements, ensuring transparency and comparability.