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    Exam 11: Output and Costs
  5. Question
    -In the Above Figure, Which of the Following Statements Is
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-In the Above Figure, Which of the Following Statements Is

Question 357

Question 357

Multiple Choice

  -In the above figure, which of the following statements is FALSE? A)  Average fixed cost decreases as output decreases. B)  The vertical gap between curves B and C equals marginal fixed cost. C)  The vertical gap between curves B and C gets smaller as AFC decreases. D)  Curve A is the marginal cost curve.
-In the above figure, which of the following statements is FALSE?


A) Average fixed cost decreases as output decreases.
B) The vertical gap between curves B and C equals marginal fixed cost.
C) The vertical gap between curves B and C gets smaller as AFC decreases.
D) Curve A is the marginal cost curve.

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