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  3. Study Set
    Microeconomics Theory with Applications
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    Exam 6: Production Cost: One Variable Input
  5. Question
    If STC = 7q<sup>3 </Sup>+ 3q + 7, Then AVC
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If STC = 7q3 + 3q + 7, Then AVC

Question 7

Question 7

Multiple Choice

If STC = 7q3 + 3q + 7, then AVC is:


A) 7q2 + 3 + 7/q.
B) 7q2 + 3q + 7/q.
C) 7q2 + 3.
D) 7q2 + 3q.

Correct Answer:

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