Question: Which statement is false? (LO4 , 5 ) a) AFC plus AVC equals ATC. b) Marginal cost equals AVC at an output of one. c)

Which statement is false? (LO4 , 5 )

a) AFC plus AVC equals ATC.

b) Marginal cost equals AVC at an output of one.

c) AVC equals ATC at an output of one.

d) None is false.

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