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For the Cubic Total Cost Function TC = a

Question 40

Multiple Choice

For the cubic total cost function TC = a + bQ + cQ2 + dQ3,where a = 0,b = 25,c = -10,and d = 1,the firm's average variable cost is minimized at an output of:


A) ten.
B) five.
C) two.
D) one.

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