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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Which of the Following Statements Is False