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.

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Definitions:

Approach-Approach Conflict

A psychological conflict occurring when a person must choose between two desirable goals, leading to tension and indecision.

Avoidance-Avoidance Conflict

A psychological conflict that occurs when a person is forced to choose between two equally undesirable options.

Biopsychosocial Model

An approach that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and healthcare delivery.

Neural Correlates

Neural correlates are the specific brain states, structures, or processes that correspond to particular cognitive or perceptual experiences.