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Which of the following statement about the firm's cost curve is FALSE: A.Total fixed cost (TFC) is constant, and Total variable cost (TVC) increases as
Which of the following statement about the firm's cost curve is FALSE:
- A.Total fixed cost (TFC) is constant, and Total variable cost (TVC) increases as output increases.
- B.Total fixed cost (TFC) and Total variable cost (TVC) increases as output increases.
- C.Average fixed cost (AFC) decreases as output increases.
- D.When Marginal Cost Curve is less than Average Total Cost (ATC), ATC is falling.
- E.The MC curve crosses the ATC curve at the ATC curve's minimum.
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