Multiple Choice
Which of the following is true for the cubic total cost function TC = a + bQ + cQ2 + dQ3,where a = 0,b = 25,c = -10,and d = 1?
A) Marginal cost equals average total cost
B) Marginal cost equals average variable cost
C) Total cost equals total variable cost
D) Total cost equals total fixed cost
Correct Answer:
Verified
Correct Answer:
Verified
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