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Average Variable Cost Function Is Estimated as Which of the Following

Question 24

Multiple Choice

average variable cost function is estimated as average variable cost function is estimated as Which of the following cost functions is associated with this estimate? A) SMC = 96 - 4Q + 0.1Q<sup>2</sup> B) TVC = 96Q - 2Q<sup>2</sup> + 0.05Q<sup>3</sup> C) TVC = 96Q + 4Q<sup>2</sup> + 0.15Q<sup>3</sup> D) SMC = 96 - 4Q + 0.15Q<sup>2</sup> E) both b and d Which of the following cost functions is associated with this estimate?


A) SMC = 96 - 4Q + 0.1Q2
B) TVC = 96Q - 2Q2 + 0.05Q3
C) TVC = 96Q + 4Q2 + 0.15Q3
D) SMC = 96 - 4Q + 0.15Q2
E) both b and d

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