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For a Firm, Let Total Cost Be TC(Q)=160+10Q2T C ( Q ) = 160 + 10 Q ^ { 2 }

Question 81

Multiple Choice

For a firm, let total cost be TC(Q) =160+10Q2T C ( Q ) = 160 + 10 Q ^ { 2 } and marginal cost be MC(Q) =20QM C ( Q ) = 20 Q . What is the minimum efficient scale for this firm?


A) 0
B) 2
C) 4
D) indeterminate

Correct Answer:

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