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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)= 100 + 4Q + 19Q<sup>2</sup>
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For the Cost Function C(Q)= 100 + 4Q + 19Q2

Question 59

Question 59

Multiple Choice

For the cost function C(Q) = 100 + 4Q + 19Q2 + 2Q3,what is the marginal cost of producing the fourth unit of output?


A) $42
B) $295
C) $252
D) $116

Correct Answer:

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