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:

Neurotransmitter

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.

Hormone

A chemical substance produced in the body that influences physiological activity by being transported in tissue fluids such as blood to stimulate specific cells or tissues into action.

Endorphins

Neurotransmitters produced by the brain that act as natural painkillers and are also associated with feelings of pleasure or euphoria.

Neurotransmitters

Chemical messengers that transmit signals across a synapse from one neuron to another in the brain and nervous system.