Statement I: at an Output of 0,variable Cost Is Always

question 73

Multiple Choice

Statement I: At an output of 0,variable cost is always 0.
Statement II: Total cost less fixed cost equals variable cost.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Charles Darwin

English naturalist, geologist, and biologist, best known for his contributions to the science of evolution.

Jean-Baptiste Lamarck

A French naturalist known for his theory of inheritance of acquired characteristics, pre-dating Darwin's theory of evolution by natural selection.

Natural Selection

The process by which genetic variations that enhance survival and reproduction become more common in successive generations of a population.

Alfred Russel Wallace

A British naturalist, explorer, geographer, and biologist, best known for independently conceiving the theory of evolution through natural selection.