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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    For a Cost Function C = 100 + 10Q
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For a Cost Function C = 100 + 10Q

Question 94

Question 94

Multiple Choice

For a cost function C = 100 + 10Q + Q2,the average variable cost of producing 20 units of output is:


A) 10.
B) 20.
C) 30.
D) None of the answers are correct.

Correct Answer:

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