Which Statement Is FALSE

question 167

Multiple Choice

Which statement is FALSE?

• A) When the marginal product of labour is upward sloping,the marginal cost curve is upward sloping.
• B) The average fixed cost curve is downward sloping and approaches the horizontal axis as output increases.
• C) The marginal cost curve intersects the average variable cost curve at the minimum of the average variable cost.
• D) When the marginal cost curve is above the average cost curve,the average cost curve is upward sloping.

Understand the concept and importance of previewing in the active reading process.

Identify effective strategies for skimming and previewing textbook chapters.

Recognize the role of different types of maps in organizing chapter information.

Understand the methods and benefits of marking textbooks for better comprehension.

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Definitions:

Consideration Given

The value (such as money, service, or goods) promised in a contract to persuade a party to agree to the contract.

Minor's Contract

An agreement entered into by a person under the age of legal competence, which renders the contract voidable at the option of the minor.

Disaffirm

The act of denying, rejecting, or declaring a contract or agreement void, typically used in legal contexts where an individual wants to nullify an agreement.

Adjudicated Insane

This term refers to a legal determination that an individual is not mentally competent to manage their affairs or stand trial, based on evidence and expert testimony.