Use the Figure Below to Answer the Following Question

question 70

Multiple Choice

Use the figure below to answer the following question.

Figure 11.3.1
-Refer to Figure 11.3.1. Which one of the following statements is false?

• A)The total fixed cost curve A.
• B)Total variable cost and total cost both increase with output.
• C)The vertical gap between curves B and C is equal to total variable cost.
• D)Marginal cost is equal to the slope of curve C.
• E)Total fixed cost is constant.

---

Definitions:

Conviction

A formal declaration that someone is guilty of a criminal offense, made by the verdict of a jury or the decision of a judge in a court of law.

Competition Act

Legislation designed to promote or maintain market competition by regulating anti-competitive conduct among companies.

District Court

A type of court existing in various jurisdictions, typically with general jurisdiction over civil and criminal cases in a specific geographic area.

Province

A territorial division within a country, often with its own local government.