Which of the following statements are false ?

Question

Quizplus · Accepted Answer

The other statements are all true. Marginal cost initially decreases but eventually rises as output increases (so statement B is true). At the most efficient production level, marginal cost equals average total cost (so statement C is true). The AFC and AVC curves do cross, at the point where AVC is at its minimum (so statement D is false). The AFC and ATC curves must intersect in the same place, where AFC is at its minimum (so statement E is true).

Which of the Following Statements Are False