Use the Following to Answer the Questions Below

question 57

Multiple Choice

Use the following to answer the questions below:
In each of the following multiple-choice questions, characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices:
-Statements:
(1) Triacylglycerols can be hydrolyzed under acidic conditions to produce salts of fatty acids.
(2) Hydrogenation of a fat or oil increases its degree of unsaturation.
(3) Eicosanoids are oxygenated derivatives of polyunsaturated 18-carbon fatty acids.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

---

Definitions:

AVC

Average Variable Cost, which is the cost a company incurs to produce one additional unit of a product, excluding fixed costs.

ATC

Average Total Cost, the total cost of production divided by the number of units produced, often used in economics to analyze production efficiency.

AVC

Average Variable Cost, which is the total variable cost divided by the quantity of output produced, representing the variable cost per unit of output.

Economies Of Scale

They refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.