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    Microeconomics Theory and Applications Study Set 2
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    Exam 8: The Cost of Production
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    For the Cubic Total Cost Function TC = a
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For the Cubic Total Cost Function TC = a

Question 105

Question 105

Multiple Choice

For the cubic total cost function TC = a + bQ + cQ2 + dQ3,where a = 0,b = 25,c = -10,and d = 1,the marginal cost at an output of one unit equals:


A) $0.
B) $5.
C) $8.
D) $10.

Correct Answer:

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