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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