Solved

Suppose a Firm's Total Cost Curve Is Given by the Equation

Question 26

Multiple Choice

Suppose a firm's total cost curve is given by the equation TC=Q2+2Q+100T C = Q ^ { 2 } + 2 Q + 100 . The firm's marginal cost is MC=2Q+2M C = 2 Q + 2 . At what level of QQ does the firm's average cost curve reach a minimum?


A) 100
B) 2
C) 10
D) 20

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions