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    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 7: Costs
  5. Question
    Suppose a Cost Function Is TC = Aq<sup>3</sup> + Bq<sup>2</sup>
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Suppose a Cost Function Is TC = Aq3 + Bq2

Question 12

Question 12

Multiple Choice

Suppose a cost function is TC = Aq3 + bq2 + cq +d. Then the average total cost is


A) Aq2 + bq + cq +d/q
B) Aq2 + bq + c
C) Aq3 + bq2+ cq
D) d

Correct Answer:

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