Which of the Following Is FALSE

question 94

Multiple Choice

Which of the following is FALSE?

• A) Long-run average variable costs equal long-run average total costs.
• B) Fixed costs increase in the long run.
• C) As a firm produces more output, eventually it experiences diseconomies of scale.
• D) In the long run, both the amount of capital and labor used by the firm can be changed.
• E) In the long run, the firm has no fixed inputs.

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Definitions:

Occupational Safety And Health Administration

A federal agency of the United States that regulates workplace safety and health to prevent work-related injuries, illnesses, and deaths.

Nominal Wages

Wages that are not adjusted for inflation, representing the amount of money paid to an employee by an employer in the form of cash.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income received by workers, indicative of the real value of compensation over time.