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Suppose the Total Cost to Produce Quantity Q Is TC(q)=

Question 17

Multiple Choice

Suppose the total cost to produce quantity q is TC(q) = 250 + q2/10. If this firm is a price- taker and the market price is p = 10, then the firm's total cost will be:


A) equal to the marginal revenue.
B) zero.
C) equal to the total revenue.
D) equal to the price.

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