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    Microeconomics Study Set 3
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    Exam 7: Costs
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    What Are the Functions for MC and AC If TC
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What Are the Functions for MC and AC If TC

Question 7

Question 7

Multiple Choice

What are the functions for MC and AC if TC = 40 + 10q + 5q2?


A) MC = 10q; AC = 10 + 5q
B) MC = 10 + 10q; AC = 40/q + 10 + 10q
C) MC = 10 + 10q; AC = 40/q + 10q2
D) MC = 20 + 10q; AC = 40/q + 10q

Correct Answer:

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