Which One of the Following Statements Is False

question 76

Multiple Choice

Which one of the following statements is false?

• A)The average total cost curve and average variable cost curve are U-shaped.
• B)The gap between the average total cost curve and the average variable cost curve equals marginal cost.
• C)The gap between the average total cost curve and the average variable cost curve narrows as output increases.
• D)The marginal cost curve intersects the average variable cost curve at minimum average variable cost.
• E)The marginal cost curve intersects the average total cost curve at minimum average total cost.

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Definitions:

Condition

A specific requirement or stipulation that affects or determines the outcome or validity of a legal agreement.

Sum Certain

A fixed or determined amount of money specified in a legal document that is not subject to any conditions or contingencies.

Negotiable

Capable of being transferred or modified through discussion or upon reaching an agreement.

Oral Promise

An oral promise is a commitment or assurance given verbally rather than in written form, which may or may not be legally enforceable depending on the context.