Which Statement Is False

question 141

Multiple Choice

Which statement is false?

• A)The minimum point of the AVC curve is the shutdown point.
• B)The minimum point of the ATC curve is the breakdown point.
• C)The firm's short-run supply curve runs up the marginal cost curve from the shutdown point all the way up the curve.
• D)None of these statements are false.

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Definitions:

Operating Assets

Assets required for a company to conduct its daily business operations, including property, plant, and equipment, but excluding investments and non-operational assets.

Cost Center

A department or unit within an organization that does not directly contribute to profit but incurs costs for its operation.

Responsibility Center

Any business segment whose manager has control over costs, revenues, or investments in operating assets.

Queue Time

The duration a product or job order spends waiting to be processed, not including the time actually taken to complete the task.