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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
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    For the Cost Function C(Q)= 100 + 2Q + 3Q<sup>2</sup>,the
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For the Cost Function C(Q)= 100 + 2Q + 3Q2,the

Question 156

Question 156

Multiple Choice

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


A) 100.
B) 50.
C) 3.
D) 2.

Correct Answer:

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