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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)= 200 + 3Q + 8Q<sup>2</sup>
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For the Cost Function C(Q)= 200 + 3Q + 8Q2

Question 1

Question 1

Multiple Choice

For the cost function C(Q) = 200 + 3Q + 8Q2 + 4Q3,what is the average fixed cost of producing six units of output?


A) 18.31
B) 212.61
C) 42.12
D) 33.33

Correct Answer:

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