Which of the Following Statements Is False

question 187

Multiple Choice

Which of the following statements is false?

• A)Since (total) fixed costs are constant as output changes in the short run, it follows that average fixed cost is constant in the short run.
• B)Marginal cost is the cost of producing an additional unit of output.
• C)Changes in variable costs are reflected dollar-for-dollar in changes in total cost.
• D)Fixed costs exist in the short run, but not in the long run.