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    Microeconomics Study Set 46
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    Exam 7: Costs
  5. Question
    If TC = 1,500 + 7
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If TC = 1,500 + 7

Question 116

Question 116

Multiple Choice

If TC = 1,500 + 7.5Q + Q2, the cost function for AFC is AFC = ____.


A) 1,500/Q
B) 7.5 + Q
C) 1,500/Q + 7.5 + Q
D) Q

Correct Answer:

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