Which of the Following Statements Is True

question 198

Multiple Choice

Which of the following statements is true?

• A)As output increases, average fixed cost becomes smaller and smaller.
• B)Average fixed cost does not change as output increases.
• C)The marginal cost curve intersects the average fixed cost curve at its minimum point.
• D)When marginal cost is greater than average fixed cost, average fixed cost increases.

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Definitions:

Real Property

Land and anything permanently attached to it.

Repudiates

The act of refusing to acknowledge, accept, or support something; in a contract context, it refers to the denial of a contractual obligation.

Distrains

The act of legally seizing someone's property as a way to secure the payment of debts or obligations.

Nuisance

An act, condition, or thing that is annoying, inconvenient, or causes damage to legal rights.