Which One of the Following Statements Is False

question 28

Multiple Choice

Which one of the following statements is false?

• A)Total variable cost plus total fixed cost equals total cost.
• B)Marginal cost equals the change in total cost divided by the change in output.
• C)Average total cost is calculated by dividing total cost by the level of output.
• D)The average cost curve is U-shaped.
• E)The total cost curve is U-shaped.

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Definitions:

Parametric Test

A statistical test that makes assumptions about the parameters of the population distribution from which the sample was drawn.

Wilcoxon Rank Sum Test

A non-parametric statistical test used to compare two independent samples to assess whether their population mean ranks differ.

Wilcoxon Rank-sum Test

A nonparametric statistical test used to compare two independent samples to determine if they come from the same population or not, based on rank sums.

Wilcoxon Rank Sum Test

A non-parametric statistical test used to compare two independent samples to assess whether their populations have identical distribution.