Which of the Following Is Not a Property of a Firm's

question 514

Multiple Choice

Which of the following is not a property of a firm's cost curves?

• A)Marginal cost must eventually rise as a result of diminishing marginal product.
• B)Average total cost is U-shaped.
• C)Economies of scale will exist when average total cost falls as output rises.
• D)Average total cost will cross marginal cost at the minimum of marginal cost.

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Definitions:

Therapeutic Team

A group of physicians, nurses, medical assistants, and other specialists who work with patients dealing with chronic illness or recovery from major injuries.

Goniometer

A tool used to measure the angle of joint movement and joint flexibility in the body.

Lateral Flexion

The movement of bending sideways at the waist or neck, moving part of the body to the side.

Dorsiflexion

The movement that brings the top of the foot toward the shin, involving the ankle joint.