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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
    Suppose the Cost Function Is C(Q)= 50 + Q −
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Suppose the Cost Function Is C(Q)= 50 + Q −

Question 19

Question 19

Multiple Choice

Suppose the cost function is C(Q) = 50 + Q − 10Q2 + 2Q3.What is the variable cost of producing 10 units?


A) $401
B) $1,060
C) $560
D) $1,010

Correct Answer:

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