Multiple Choice
If a firm's Short- Run Total Cost function is given by STC = 4 + q2, then:
A) AVC = q and MC = q.
B) FC = 4 and AVC = q.
C) ATC = 4 + q and MC = 2q.
D) AFC = 4/q and MC = 4 + q.
Correct Answer:
Verified
Correct Answer:
Verified
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