(Figure: Capital and Labor X) Which of the following statements is (are) TRUE? 
I. The firm minimizes the cost of producing 10,000 units of output at point C.
II) If the firm chooses an input combination that lies on C3, the firm will be able to produce 10,000 units of output at a lower cost than at point A.
III) The cost of producing 10,000 units of output is greater at point B than at point A.
Definitions:
Special Journals
Accounting records that are used for the repeated recording of similar types of transactions, such as sales or purchases.
Control Accounts
An account in the general ledger that summarizes and aggregates the details of a subsidiary ledger.
Subsidiary Ledger
A detailed ledger that provides a breakdown of individual accounts receivable, accounts payable, or other account categories that together constitute a general ledger account.
General Ledger
A comprehensive ledger containing every financial transaction throughout a company's existence.
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