When a Factory Is Operating in the Short Run

question 198

Multiple Choice

When a factory is operating in the short run,

• A)it cannot alter variable costs.
• B)total cost and variable cost are usually the same.
• C)average fixed cost rises as output increases.
• D)it cannot adjust the quantity of fixed inputs.

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Definitions:

Inconsistent Statement

An assertion that does not align or match with previous statements or facts, leading to a contradiction.

Truth Table

A table in logic that is utilized to assess if a complex statement is true or false by examining the truth values of its constituent parts.

Negation

The logical operation of denying or contradicting a statement or proposition, creating its opposite in meaning.

Tautology

A statement that is true by necessity or by virtue of its logical form, often involving redundancy.