599EconomicsMedium
Which statement is False?
AFixed costs are the difference between total costs and total variable costs
BFixed costs are zero if the firms is producing nothing.
CThere are no fixed costs in the long run
DFixed costs do not depend on the firm’s level of output
Correct answer
B. Fixed costs are zero if the firms is producing nothing.
Explanation
The correct answer is Fixed costs are zero if the firms is producing nothing..