Which One of the Following Is False

question 109

Multiple Choice

Which one of the following is false?

• A)The marginal cost curve intersects the average variable cost curve and the average total cost curve at their maximum points.
• B)When marginal cost is greater than average variable cost,average variable cost is increasing.
• C)When marginal cost is greater than average total cost,average total cost is increasing.
• D)The average total cost curve is U-shaped.
• E)The average fixed cost curve is downward sloping.

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Definitions:

Statistics Canada

The national statistical office of Canada, which provides essential information on Canada's economy, society, and environment.

Alpha

A parameter in statistical hypothesis testing representing the probability of rejecting the null hypothesis when it is actually true (Type I error).

Power of the Test

The probability that a statistical test will reject a false null hypothesis, indicating the test's ability to detect an effect if there is one.

Unemployment Rate

The percentage of job-seekers within the labor force who do not currently have employment.