Which of the Following Statements Is False

question 92

Multiple Choice

Which of the following statements is false?

• A)Marginal cost will equal average total cost when marginal cost is at its lowest point.
• B)When marginal cost is less than average total cost, average total cost will fall.
• C)When marginal cost is greater than average total cost, average total cost will rise.
• D)Marginal cost will equal average total cost when average total cost is at its lowest point.

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Definitions:

Euros

The official currency of the eurozone, used by 19 of the 27 European Union member countries, represented by the symbol €.

Nominal Exchange Rate

The current market price at which one currency can be exchanged for another.

Real Exchange Rate

The rate at which two currencies can be exchanged for each other, adjusted for inflation, which represents the true purchasing power.

Inflation Rate

A rise in the cost percentage of goods and services in an economy during a certain period.