Which of the Following Statements Is True

question 143

Multiple Choice

Which of the following statements is true?

• A)If the marginal cost curve is above the AFC curve, the AFC curve must be rising.
• B)Average total cost equals average variable cost minus average fixed cost.
• C)As output increases, the average variable cost curve gets closer to the average total cost curve.
• D)The AFC curve is horizontal as output increases.

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Definitions:

High Jumps

An athletic event in which competitors try to leap over a horizontally positioned bar at the highest possible height.

Quantitative Data

Numerical information that can be measured or counted, often used in statistical analysis to quantify the characteristics of a population or phenomena.

Histograms

A graphical representation of data using bars of different heights to depict the frequency distribution of a dataset.

Stemplots

A graphical representation of data that involves separating each data point into a "stem" and a "leaf" to display the distribution.