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:

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Autonomic Nervous System

A component of the nervous system that controls involuntary functions such as heart rate and digestion.

Direct Effects

Immediate outcomes or impacts of an action, intervention, or phenomenon without the mediation of other factors.

Reactivity

The tendency of a person or system to be affected by external stimuli or conditions.