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A Firm's Average Cost Function Is Given By AC=800Q+2Q+18A C = \frac { 800 } { Q } + 2 Q + 18

Question 1

Multiple Choice

A firm's average cost function is given by AC=800Q+2Q+18A C = \frac { 800 } { Q } + 2 Q + 18 Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 c Q c 30.


A) 25
B) 20
C) 15
D) 5
E) 10

Correct Answer:

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