suppose that total cost is given by TC = 200 + 5Q 0.4Q2 + 0.001Q3 Select

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suppose that total cost is given by TC = 200 + 5Q – 0.4Q2 + 0.001Q3

Select one:

a. Fixed cost is 200

b. Average variable cost (AVC) is 5 – 0.4Q + 0.001Q2

c. All of the above are correct

d. Variable cost (VC) is 5Q – 0.4Q2 + 0.001Q3

e. Marginal cost (MC) is 5 – 0.8Q +.003Q2

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Feb 10, 2024 01:20 AM

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suppose that total cost is given by TC = 200 + 5Q 0.4Q2 + 0.001Q3 Select

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Microeconomics

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