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A Short-Run Marginal Cost Function Is Estimated As SMC=96−4Q+0.15Q2S M C = 96 - 4 Q + 0.15 Q ^ { 2 }

Question 52

Multiple Choice

A short-run marginal cost function is estimated as SMC=96−4Q+0.15Q2S M C = 96 - 4 Q + 0.15 Q ^ { 2 } .Which of the following cost functions is associated with this estimated SMC equation?


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

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