Which statement is FALSE?
A) All costs are fixed costs in the long run.
B) TC = FC + VC.
C) In the long run, all inputs are variable.
D) A fixed cost is a cost that does not vary as quantity produced varies.
Correct Answer:
Verified
Q195: A firm experiences _ over the range
Q196: If a firm increases its inputs by
Q197: It can be cost-effective to pursue economies
Q198: Specialization of labor and management typically supports
A)
Q199: Which of these would create diseconomies of
Q201: In the long run
A) TC = VC.
B)
Q202: Which of these does NOT lead to
Q203: Constant returns to scale are defined as
Q204: Which of these does NOT contribute to
Q205: On a graph of the long-run average
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents