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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Definitions:

Saprotrophy

The process or mode of nutrition that involves organisms feeding on decaying organic matter, breaking it down into simpler substances.

Saprotrophic

Describing organisms, often fungi and bacteria, that feed on and decompose dead organic matter.

Dead Organic Matter

The remains of once-living organisms, including plants, animals, and their waste products, which decompose and recycle nutrients.

Nutrient Molecules

Organic compounds and minerals that organisms need to support their life processes.