Which of the Following Statements Is TRUE About Relevant Range

question 1

Multiple Choice

Which of the following statements is TRUE about relevant range?

• A)When costs reach a level above the relevant range, they are considered appropriate for analysis.
• B)Linear estimates of an economist's curvilinear cost function is only valid within the relevant range.
• C)When costs reach a level below the relevant range, they are considered appropriate for analysis.
• D)The nonlinear relevant range is ignored, and only those costs outside of this range may be considered.