Multiple Choice
Which one of the following is false?
A) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their maximum points.
B) When marginal cost is greater than average variable cost,average variable cost is increasing.
C) When marginal cost is greater than average total cost,average total cost is increasing.
D) The average total cost curve is U-shaped.
E) The average fixed cost curve is downward sloping.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: A firm will want to increase its
Q105: Which one of the following statements is
Q106: The average fixed cost curve slopes downward
Q107: Economic depreciation is<br>A)the same as depreciation calculated
Q108: One reason for diseconomies of scale is
Q110: A firm's opportunity cost of production is
Q111: Use the table below to answer the
Q112: Which one of the following statements is
Q113: A firm's goal is to<br>A)maximize revenue.<br>B)maximize customer
Q114: Which of the following quotes best illustrates