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Suppose a Firm's Total Cost Function Is Given by TC

Question 140

Multiple Choice

Suppose a firm's total cost function is given by TC = 6,000 + 2Q + 0.25Q2, where MC = 2 + 0.5Q. The output level that minimizes average total cost is ____.


A) 154.9
B) 175
C) 150
D) 0

Correct Answer:

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