Which of the Following Statements Is Not True

question 49

Multiple Choice

Which of the following statements is not true?

• A)Over the short run, unit variable costs remain constant.
• B)Over the short run, fixed costs decrease as sales volume decreases.
• C)Variable costs are proportional to sales volume.
• D)Contribution margin is calculated by subtracting variable costs from revenue.
• E)None of the above.

Identify and explain the impact of income and price changes on consumer's demand.

Define and interpret key concepts such as Engel curves, indifference curves, and budget lines.

Understand the nature of goods (normal, inferior, Giffen) through consumer's reactions to income changes.

Apply the concept of utility maximization to solve for quantities demanded of goods.

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Definitions:

Gender Roles

The positions, characteristics, and interests that are considered normal and are expected for boys/men or for girls/women in a particular culture; this social information is stored in each person’s gender schemas.

Semenarche

The beginning of development of semen in boys at puberty, marking the onset of reproductive capability.

Spermarche

The first occurrence of ejaculation in males, which is a significant event in male puberty.

Gonads

Gonads are the primary reproductive organs in males (testes) and females (ovaries) that produce sex cells (gametes) and sex hormones.