Which of the following cost relationships is not true?
A) AFC = AC - MC
B) TVC = TC - TFC
C) The change in TVC/the change in Q = MC
D) The change in TC/ the change in Q = MC
Correct Answer:
Verified
Q8: Costs of production that change with the
Q9: To an economist,total costs include
A)explicit,but not implicit
Q10: Which of the following distinctions helps to
Q12: Average fixed cost
A)does not change as total
Q14: Economists consider which of the following costs
Q15: When a firm's MC curve shifts to
Q16: Changes in the short-run total costs result
Q17: The relationship between MC and AC can
Q18: Which of the following relationships is correct?
A)When
Q31: Economic profit equals accounting profit minus:
A) explicit
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