Which of the Following Is Not True About the Graph

question 121

Multiple Choice

Which of the following is not true about the graph of a mixed cost?

• A) It is possible to determine the amount of the fixed cost from the graph.
• B) There is a total cost line on the graph.
• C) The fixed cost portion of the graph is the same amount at all levels of activity.
• D) The variable cost portion of the graph is rectangular in shape.

---

Definitions:

Microeconomics

The branch of economics that studies the behavior of individuals and businesses in making decisions on the allocation of limited resources.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Positive Statements

Assertions about the world that are objective and can be tested by referring to the available evidence.

Value Judgments

Assessments or opinions based on personal values, ethics, or standards, rather than objective data.