Which of the Following Statements Is True

question 42

Multiple Choice

Which of the following statements is true?

• A) Average total cost always falls as output increases.
• B) Average fixed cost equals total fixed cost divided by total output.
• C) Average fixed cost equals average total cost plus average variable cost.
• D) Average variable cost is always greater than average fixed cost.

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Definitions:

Mean Salary

The average salary calculated by summing all salaries and dividing by the number of salaries.

Population Standard Deviation

A measure of the spread of a set of values in a population, giving insight into the variability within the entire population.

Sample Size

The number of observations or elements selected from a population to be included in a sample.

Upper Limit

The highest value in a range or set of data, often referring to the maximum point in an interval or boundary in statistical analysis.