Which of the Following Statements Is True

question 198

Multiple Choice

Which of the following statements is true?

• A)As output increases, average fixed cost becomes smaller and smaller.
• B)Average fixed cost does not change as output increases.
• C)The marginal cost curve intersects the average fixed cost curve at its minimum point.
• D)When marginal cost is greater than average fixed cost, average fixed cost increases.

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Definitions:

Asthma

An allergic reaction to a substance resulting in wheezing, shortness of breath, and difficulty in breathing.

Wheezing

A high-pitched whistling sound made while breathing, often associated with difficulty breathing and often heard with asthma, chronic bronchitis, and other lung diseases.

Senses

The physiological capacities of organisms that provide the ability to see, hear, taste, smell, and touch.

Heartburn

A condition marked by a burning sensation in the chest, usually caused by acid reflux into the esophagus.