Which of the Following Is FALSE

question 94

Multiple Choice

Which of the following is FALSE?

• A) Long-run average variable costs equal long-run average total costs.
• B) Fixed costs increase in the long run.
• C) As a firm produces more output, eventually it experiences diseconomies of scale.
• D) In the long run, both the amount of capital and labor used by the firm can be changed.
• E) In the long run, the firm has no fixed inputs.

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Definitions:

Parietal Lobes

Lobes at the top of the brain’s cerebral cortex; they contain areas that receive information on pressure, pain, touch, and temperature as well as handle attention and awareness of spatial relationships.

Pressure

The force applied perpendicular to the surface of an object per unit area over which that force is distributed.

Cortex

The outer layer of the cerebrum, involved in numerous high-level brain functions such as thought, memory, and consciousness.

Millimeters

A unit of length in the metric system, equal to one thousandth of a meter.