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-Given the Total Cost Function TC = 1,000 + 2Q,when

Question 234

Multiple Choice

-Given the total cost function TC = 1,000 + 2Q,when output is 1,000 units,average total cost __________ and when output is 10,000 units,average total cost __________. A) is $3;is $2.10 B) is $3,000;is $21,000 C) is $1.002;is 0.0102 cents D) is $1,000;is $10,000 E) cannot be calculated;cannot be calculated
-Given the total cost function TC = 1,000 + 2Q,when output is 1,000 units,average total cost __________ and when output is 10,000 units,average total cost __________.


A) is $3;is $2.10
B) is $3,000;is $21,000
C) is $1.002;is 0.0102 cents
D) is $1,000;is $10,000
E) cannot be calculated;cannot be calculated

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