Which One of the Following Statements Is False

Multiple Choice

Which one of the following statements is false?

A) Total variable cost plus total fixed cost equals total cost.
B) Marginal cost equals the change in total cost divided by the change in output.
C) Average total cost is calculated by dividing total cost by the level of output.
D) The average cost curve is U-shaped.
E) The total cost curve is U-shaped.