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Suppose That the Market for Ice Cream Sandwiches Is Perfectly

Question 122

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 average total cost curves in this industry is ATC(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 average total cost curves in this industry is ATC(Q) = ____.


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

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