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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 the Cost Function C(Q)= 1000 + 14Q + 9Q<sup>2</sup>
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For the Cost Function C(Q)= 1000 + 14Q + 9Q2

Question 161

Question 161

Multiple Choice

For the cost function C(Q) = 1000 + 14Q + 9Q2 + 3Q3,what is the marginal cost of producing the fourth unit of output?


A) $42
B) $295
C) $230
D) $116

Correct Answer:

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