Which of the Following Statements Is True

question 143

Multiple Choice

Which of the following statements is true?

• A)If the marginal cost curve is above the AFC curve, the AFC curve must be rising.
• B)Average total cost equals average variable cost minus average fixed cost.
• C)As output increases, the average variable cost curve gets closer to the average total cost curve.
• D)The AFC curve is horizontal as output increases.

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Definitions:

Light Bulb

A device that produces light from electricity, typically consisting of a filament wire that is heated until it glows.

Trespass

The act of entering or remaining on someone else's property without permission, which can be a civil wrong or criminal offense.

Punitive Damages

Financial compensation awarded to a plaintiff beyond actual damages incurred, intended to punish the defendant for egregious behavior and deter future similar acts.

Confrontations

Direct encounters or conflicts between parties with opposing views or interests.