Exhibit 6-5 -Refer to Exhibit 6-5. Which of the Following Statements Is

Multiple Choice

Exhibit 6-5
-Refer to Exhibit 6-5. Which of the following statements is not true?

A) Fixed costs equal total costs when output equals zero.
B) The output closest to the profit-maximizing level is Q₃.
C) Profit is the same at Q₁ as it is at Q₄.
D) Profit is equal to zero when output equals zero.
E) Marginal cost is less than marginal revenue at Q₂.