Multiple Choice
Suppose a firm's total cost is given by TC = 100 + 4Q + 2Q2. Which of the following statements is (are) TRUE?
I. AVC = 4Q + 2Q2
II. AFC = 100/Q
III. ATC = 2Q + 4 + 100/Q
IV. FC = 100 + 4Q
A) I and II
B) II and III
C) III
D) I and IV
Correct Answer:
Verified
Correct Answer:
Verified
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