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:

Victory Over Japan

Victory Over Japan refers to the allied victory ending World War II in Asia, marked by Japan's surrender on August 15, 1945, after the dropping of atomic bombs on Hiroshima and Nagasaki.

Day Of Infamy

The "Day of Infamy" refers to December 7, 1941, when Japan launched a surprise attack on Pearl Harbor, leading to the United States' entry into World War II.

Pearl Harbor

The site of a surprise military attack by the Japanese Navy against the United States naval base at Pearl Harbor, Hawaii, on December 7, 1941, leading to the U.S. entering World War II.

President Roosevelt

A reference either to Franklin D. Roosevelt, the 32nd President of the United States who served during the Great Depression and World War II, or Theodore Roosevelt, the 26th President known for his progressive policies.