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:

Universal Consensus

A widely or globally accepted agreement or belief among members of a community or group.

Atheists

Individuals who lack belief in the existence of deities or gods.

Foxholes

Small dugouts used by soldiers in the battlefield to provide a place of shelter and protection from enemy fire.

Ultimate Source

The originating cause or principle behind everything that exists, often discussed in contexts involving metaphysics or theology.