Which of the Following Is FALSE

question 353

Multiple Choice

Which of the following is FALSE?

• A) Long-run average variable costs equal long-run average total costs.
• B) Fixed costs increase in the long run.
• C) As a firm produces more output, eventually it experiences diseconomies of scale.
• D) In the long run, both the amount of capital and labor used by the firm can be changed.

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Definitions:

Duhring's Disease

Another name for Dermatitis Herpetiformis, a chronic blistering skin condition linked to gluten sensitivity.

Differential Diagnosis

The process of distinguishing a disease or condition from others that present with similar clinical features, through systematic elimination or comparison.

Versus

Versus is a term used to indicate a comparison or contrast between two things in a legal, competitive, or descriptive context.

Possible Diagnosis

A preliminary identification of a disease or condition based on available symptoms, tests, and observations, pending further confirmation.