Which of the Following Statements Is (Are) TRUE

question 165

Multiple Choice

Which of the following statements is (are) TRUE?
I. If TC = $40,000 and FC = $18,000, then VC = $58,000.
II. Because fixed cost does not vary with output, the fixed cost curve is a vertical line.
III. The total cost and variable cost curves always have the same shape and slope.
IV. When output is zero, total cost equals fixed costs.

• A) I, II, and III
• B) III
• C) II, III, and IV
• D) III and IV

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Definitions:

Medical History

A record of a patient's health information, including past illnesses, surgeries, allergies, medications, and family health history, crucial for diagnosing and treating health conditions.

Coagulant

A substance that causes blood or another liquid to clot, often used in medical treatments to control bleeding.

Local Anesthesia

is a type of anesthesia used to numb a specific area of the body, preventing pain during surgical procedures without affecting consciousness.

Clinical Medical Assistant

A healthcare professional who works under the supervision of a physician to provide patient care, perform clinical tasks, and manage office functions.