Which of the Following Statements Is TRUE

question 105

Multiple Choice

Which of the following statements is TRUE?

• A) In the long run, the average cost curve is always downward sloping.
• B) In the long run, the quantities of all inputs are fixed.
• C) In the long run, the firms' fixed costs are greater than its variable costs.
• D) In the long run, all costs are variable costs.

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Definitions:

Canada

A country in North America, characterized by its vast landscape, multicultural population, and as having a parliamentary democracy and a constitutional monarchy.

Population Transfer

The forced movement of a large group of people from one region to another, often used as a tool for political or social engineering.

Expulsion

The act of formally removing someone from an organization, institution, or country.

Genocide

The intentional and organized annihilation of a group based on their nationality, race, political beliefs, or culture.