Which of the Following Statements Is FALSE

question 261

Multiple Choice

Which of the following statements is FALSE?

• A) When the marginal product of labor is upward-sloping, the marginal cost curve is upward-sloping.
• B) The average fixed cost curve is downward-sloping and approaches the horizontal axis.
• C) The marginal cost curve intersects the average variable cost curve at the minimum of average variable cost.
• D) When the marginal cost curve is above the average cost curve, the average cost curve is upward-sloping.

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Definitions:

Customer

An individual or entity that purchases goods or services from a business.

Supply Chain

An arrangement involving various companies, personnel, operations, knowledge, and materials dedicated to transporting a product or service from its origin to the consumer.

Shipper

This is an individual or company that sends or transports goods from one place to another, often involved in logistics and supply chain operations.

Receiver

A person or entity legally appointed to manage the financial affairs of a company or individual in cases such as bankruptcy.