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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 5: The Production Process and Costs
  5. Question
    For the Cost Function C(Q) = 100 + 2Q
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For the Cost Function C(Q) = 100 + 2Q

Question 99

Question 99

Multiple Choice

For the cost function C(Q) = 100 + 2Q + 3Q2, the total variable cost of producing 2 units of output is


A) 16.
B) 12.
C) 4.
D) none of the statements associated with this question are correct.

Correct Answer:

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