Which of the Following Statements Is False

question 256

Multiple Choice

Which of the following statements is false?

• A)When marginal cost equals average total cost, average total cost is at its highest value.
• B)The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points.
• C)The difference between average total cost and average fixed cost is average variable cost.
• D)Firms often refer to the process of lowering average fixed cost as "spreading the overhead."