Which Statement Is True

question 50

Multiple Choice

Which statement is true?

• A)Price is calculated by dividing output by total revenue.
• B)The lowest point on the short-run supply curve is at the break-even point.
• C)When price exceeds marginal cost,a profit-maximizing firm will decrease production.
• D)The marginal cost curve intersects the average total cost curve at the break-even point.

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Definitions:

Vertebrates

Animals that possess a backbone or spinal column, including fishes, amphibians, reptiles, birds, and mammals.

Hemichordata

A phylum of marine animals that share some traits with chordates, such as a dorsal nerve cord, but have distinct features like a stomochord.

Larval Tunicates

The juvenile stage of tunicates (marine invertebrates), which is free-swimming and undergoes metamorphosis into the adult form.

Superficially Resemble

To appear similar or alike on the surface, but possibly different in more profound or structural aspects.