Which of the Following Statements Is False

question 87

Multiple Choice

Which of the following statements is false?

• A)An explicit cost is a nonmonetary opportunity cost.
• B)In the short run: total cost = fixed cost + variable cost.
• C)Variable costs are costs that change as output changes.
• D)In the long run there are no fixed costs.

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Definitions:

Angry

A strong feeling of displeasure or hostility, often resulting from perceived wrong, injury, or frustration.

Morally Correct

Acting in accordance with ethical principles or accepted standards of right and wrong.

Fear Of Punishment

A psychological state where an individual anticipates negative consequences or suffering due to their actions or behaviors, which can affect decision-making and behavior modification.

Lack Of Empathy

Lack of empathy refers to the inability or difficulty in understanding or sharing the feelings of another person.