Which of the Following Statements Is False

question 187

Multiple Choice

Which of the following statements is false?

• A)Since (total) fixed costs are constant as output changes in the short run, it follows that average fixed cost is constant in the short run.
• B)Marginal cost is the cost of producing an additional unit of output.
• C)Changes in variable costs are reflected dollar-for-dollar in changes in total cost.
• D)Fixed costs exist in the short run, but not in the long run.

---

Definitions:

Nationality

Refers to the belonging or affiliation of an individual to a specific nation either by birth or naturalization.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring from approximately age 7 to 11, where children gain the abilities for logical thought about concrete events, understand the law of conservation, and can classify and seriate.

Conservation

The protection, preservation, management, or restoration of natural environments and the ecological communities that inhabit them.

Abstractly

Related to thinking about concepts and ideas that are not physically present.