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For the Cost Function C(Q)= 500 + 12Q + 4Q²

Question 116

Question 116

Multiple Choice

For the cost function C(Q) = 500 + 12Q + 4Q² + Q³,what is the marginal cost of producing the eighth unit of output?

A) $184
B) $268
C) $524
D) $852

Correct Answer:
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