Which of the Following Statements Is Not True

question 87

Multiple Choice

Which of the following statements is not true?

• A)Average variable cost falls,reaches a minimum and begins to rise.
• B)Average total cost falls,reaches a minimum and begins to rise.
• C)Average fixed cost falls,reaches a minimum,and begins to rise.
• D)Marginal cost falls,reaches a minimum and begins to rise.

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Definitions:

MA

Could refer to a Master of Arts degree, an academic qualification awarded upon completion of a course of study in the arts, humanities, or social sciences.

BA

An abbreviation commonly used for Bachelor of Arts, a type of undergraduate degree awarded in arts and sciences.

Market-Based Pay

A compensation approach where pay levels are determined by comparing the market rates for similar positions in the relevant labor market.

Skill-Based Pay

A compensation system where employees are paid based on their skills or knowledge levels, rather than their job title or position.