Which of the following statements is false? O The total fixed cost curve has the same slope as the total variable cost curve. O The total variable cost curve intersects the vertical axis at the origin. O The total cost curve crosses the vertical axis at the point where the total fixed cost curve intersects the vertical axis. O The vertical distance between the total variable cost curve and the total cost curve is equal to the total fixed costs.
Which of the following statements is false? O The total fixed cost curve has the same slope as the total variable cost curve. O The total variable cost curve intersects the vertical axis at the origin. O The total cost curve crosses the vertical axis at the point where the total fixed cost curve intersects the vertical axis. O The vertical distance between the total variable cost curve and the total cost curve is equal to the total fixed costs.
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 17P
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