Which of the Following Statements Is Not Correct

question 57

Multiple Choice

Which of the following statements is not correct?

• A)In the long run, there are no fixed costs.
• B)Marginal cost is independent of fixed costs.
• C)Economies of scale is a short-run concept.
• D)Diminishing marginal product explains increasing marginal cost.

Evaluate alternatives to the Patient Protection and Affordable Care Act (PPACA).

Assess the effects of advancements in U.S. health care on the standard of living.

Recognize factors that could reduce health care overconsumption.

Describe the major funding sources for health care and their relative contributions.

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Definitions:

Small D Deaf

A term denoting a condition of not hearing, without necessarily being part of the Deaf community, which is symbolized by a capitalized 'D'.

Deaf Culture

A rich cultural heritage among Deaf individuals, centered around sign language, arts, organizations, and shared norms and values.

Social Custom

Refers to traditional practices and norms that dictate expected behaviors within a society.

Deaf Culture

The set of social beliefs, behaviors, art, literary traditions, history, values, and shared institutions of communities that are influenced by deafness and which use sign languages as the main means of communication.