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Suppose That the Market for Ice Cream Sandwiches Is Perfectly

Question 24

Multiple Choice

Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; they have long-run cost functions given by Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; they have long-run cost functions given by . The marginal cost curve for each firm in this industry is MC(Q) = ____. A) 3Q<sup>2</sup> - 6Q + 90 B) Q<sup>2</sup> - 3Q + 90 C) Q<sup>3</sup> - 3Q<sup>2</sup> + 90Q D) 3Q<sup>3</sup> - 6Q<sup>2</sup> + 90Q . The marginal cost curve for each firm in this industry is MC(Q) = ____.


A) 3Q2 - 6Q + 90
B) Q2 - 3Q + 90
C) Q3 - 3Q2 + 90Q
D) 3Q3 - 6Q2 + 90Q

Correct Answer:

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