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  3. Study Set
    Microeconomics Study Set 49
  4. Exam
    Exam 9: Perfectly Competitive Markets
  5. Question
    If\(S T C = 200 + 2 q + 4 q ^ { 2 }\)
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If STC=200+2q+4q2S T C = 200 + 2 q + 4 q ^ { 2 }STC=200+2q+4q2

Question 1

Question 1

Multiple Choice

If STC=200+2q+4q2S T C = 200 + 2 q + 4 q ^ { 2 }STC=200+2q+4q2 and SMC=2+8qS M C = 2 + 8 qSMC=2+8q where qqq is output, what is the minimum level of average variable cost?


A) 0
B) 2
C) 6
D) 8

Correct Answer:

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