Multiple Choice
Which of the following statements is false?
A) Profit is increasing when marginal revenue is greater than marginal cost.
B) Marginal cost is always decreasing.
C) Marginal and average total costs are equal at the most efficient production level.
D) The AFC and AVC curves cross.
E) The AFC and ATC curves do not cross.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: If price is greater than average variable
Q37: For the level of output, Q, firm
Q38: When price is constant, the average revenue
Q39: If price is unchanging across the firm's
Q40: The Skandusky Downtown Development Corporation (SDDC), a
Q42: If a firm has not maximized its
Q43: Profit maximization can occur at some output
Q44: Corporate managers and stockholders usually have the
Q45: If Claeys, a candy-making firm that specializes
Q46: "The long run doesn't exist; it's a