Which of These Statements Is False

question 239

Multiple Choice

Which of these statements is false?

• A)There are no fixed costs in the long run.
• B)Total costs are equal to total fixed costs plus total variable costs.
• C)In the short run, all inputs are fixed inputs.
• D)A fixed cost is a cost that does not change as output changes.

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Definitions:

Indirect Quotation

A paraphrase or summary of someone else's words without directly quoting them, often introduced by a phrase like "he said that..." or "according to..."

Quotation Marks

Punctuation marks used in pairs to indicate the beginning and end of a quotation or a direct speech within a text.

Plagiarism

The act of using someone else's work or ideas without giving proper credit, thereby presenting it as one's own.

Summarizing

The act of briefly presenting the main points or essence of a longer text or speech in a concise form.