Which of the Following Statements Is False

question 137

Multiple Choice

Which of the following statements is false?

• A)Average fixed cost continually declines as output increases.
• B)Marginal cost is equal to the change in total cost divided by the change in quantity of output.
• C)The law of diminishing marginal returns states that, in the long run, as ever larger amounts of a variable input are combined with fixed inputs, eventually the marginal physical product of the variable input will decline.
• D)The vertical distance between the AVC curve and the ATC curve declines as more output is produced.

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