Which Statement Is False

question 15

Multiple Choice

Which statement is false?

• A)Short-run cost assumes a fixed capital size, while long-run cost includes all possible capital levels in determining cost.
• B)Short-run total cost can never be less than long-run total cost at any given output level.
• C)Long-run marginal cost never intersects long-run average cost as long as increasing returns to scale are present.
• D)Short run ATC and long run ATC are never equal except at the minimum point on the long run ATC curve.

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Definitions:

Display of Emotion

The outward expression or communication of feeling states through facial expressions, body language, voice, and gestures.

Nature

The inherent characteristics and qualities of a person or thing, or the physical world collectively, including plants, animals, the landscape, and other features of the earth.

Nurture

The process of caring for and encouraging the growth or development of someone or something, often highlighting the influence of environment and upbringing.

Independent Variable

The factor in a study that is deliberately altered or varied to determine its impact on the outcome variable.