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A Short-Run Total Cost Function,TC = 100 + 32Q -

Question 18

Multiple Choice

A short-run total cost function,TC = 100 + 32Q - 4Q2 + 0.4Q3,indicates the existence of


A) a linear total cost curve.
B) a constant average variable cost curve.
C) a U-shaped average variable cost curve.
D) a constant marginal cost curve.

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