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An Average Variable Cost Function Is Estimated As AVC=96−2Q+0.05Q2A V C = 96 - 2 Q + 0.05 Q ^ { 2 }

Question 45

Multiple Choice

An average variable cost function is estimated as AVC=96−2Q+0.05Q2A V C = 96 - 2 Q + 0.05 Q ^ { 2 } Which of the following cost functions is associated with this estimate?


A) SMC = 96 - 4Q + 0.1Q2
B) TVC = 96Q - 2Q2 + 0.05Q3
C) TVC = 96Q + 4Q2 + 0.15Q3
D) SMC = 96 - 4Q + 0.15Q2
E) both b and d

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