Which of the Following Statements Is False

question 92

Multiple Choice

Which of the following statements is false?

• A)Marginal cost will equal average total cost when marginal cost is at its lowest point.
• B)When marginal cost is less than average total cost, average total cost will fall.
• C)When marginal cost is greater than average total cost, average total cost will rise.
• D)Marginal cost will equal average total cost when average total cost is at its lowest point.

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Definitions:

Voluntary

An action undertaken by one's own free will without external coercion or undue influence.

Liquidation

The process of converting a company's assets into cash to pay off creditors before dissolving the company.

Involuntary

Occurring without a person's consent or control, often referring to actions or processes not chosen or intended.

Bankruptcy Estate

The assets that are collected from a debtor who files for bankruptcy.