Which One of the Following Statements Is False

question 28

Multiple Choice

Which one of the following statements is false?

• A)Total variable cost plus total fixed cost equals total cost.
• B)Marginal cost equals the change in total cost divided by the change in output.
• C)Average total cost is calculated by dividing total cost by the level of output.
• D)The average cost curve is U-shaped.
• E)The total cost curve is U-shaped.

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Definitions:

Abstract

A brief summary of the research, article, or document, highlighting the main points and conclusions.

Concept

An abstract idea or a general notion that represents something in a concise and comprehensive way.

Characteristic

A feature or quality that helps to identify, tell apart, or describe recognizably; a distinguishing trait.

Passive

A term describing a lack of action or initiative, often allowing things to happen without trying to change the outcome.