Suppose That,in the Long Run,a Dairy's Variable Costs Are VC

Multiple Choice

Suppose that,in the long run,a dairy's variable costs are VC = 2Q² (where Q is the number of gallons of milk produced each day) ,its marginal cost is MC = 4Q and there is an avoidable fixed cost of $50 per day.In the long run,there is free entry into the market.What is the dairy's total cost function?

A) TC = 2Q² + 4Q
B) TC = 4Q + 50
C) TC = 2Q² + 50
D) TC = 2Q² + 4Q + 50