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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 Multiproduct Cost Function C(Q<sub>1</sub>,Q<sub>2</sub>)= 100 + 2Q<sub>1</sub>Q<sub>2</sub>
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For the Multiproduct Cost Function C(Q1,Q2)= 100 + 2Q1Q2

Question 17

Question 17

Multiple Choice

For the multiproduct cost function C(Q1,Q2) = 100 + 2Q1Q2 + 4Q12,what is the marginal cost function for good one?


A) MC1 = 2Q2 + 4Q1 − Q22.
B) MC1 = 2Q2 + 8Q1.
C) MC1 = 100 + 2Q1Q2 + 4Q12.
D) MC1 = 4Q12 − 2 Q22.

Correct Answer:

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