Which of the Following Statements Is False

question 194

Multiple Choice

Which of the following statements is false?

• A)In the long run, there are no fixed costs.
• B)Marginal cost is independent of fixed costs.
• C)Economies of scale is a short-run concept.
• D)Diminishing marginal product explains increasing marginal cost.

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Definitions:

Occupational Success

The achievement of desired career outcomes, which can include job satisfaction, advancement, and financial stability.

Academic Achievement

Refers to the level of academic success achieved by an individual or group, typically measured through grades, test scores, or degree completion.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Analytic Ability

The skill to study or determine the nature of a problem or subject by breaking it down into its smaller parts.