Statement I: in the Short Run,when Output Is Zero,total Cost

question 198

Multiple Choice

Statement I: In the short run,when output is zero,total cost is zero.
Statement II: Average fixed cost plus average variable cost equals average total 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:

Angelina Grimké

A 19th-century American abolitionist and women's rights advocate known for her writing and speeches attacking slavery and promoting human equality.

Sarah Grimké

An American abolitionist and advocate for women's rights who, along with her sister Angelina, played a pivotal role in the women's suffrage movement.

Separate Spheres

A 19th-century ideology that men and women have different roles in society, with men dominating the public sphere and women the private, domestic sphere.

Seneca Falls Convention

A pivotal gathering held in 1848 that marked the beginning of the women's suffrage movement in the United States.