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For the Short-Run Cost Function AVC = a + BQ

Question 26

Multiple Choice

For the short-run cost function AVC = a + bQ + cQ2,


A) the AVC curve is For the short-run cost function AVC = a + bQ + cQ<sup>2</sup>, A) the AVC curve is -shaped when a < 0,b > 0,and c < 0. B) the AVC curve is -shaped when a > 0,b < 0,and c > 0. C) the corresponding SMC function is . D) both a and c E) all of the above -shaped when a < 0,b > 0,and c < 0.
B) the AVC curve is For the short-run cost function AVC = a + bQ + cQ<sup>2</sup>, A) the AVC curve is -shaped when a < 0,b > 0,and c < 0. B) the AVC curve is -shaped when a > 0,b < 0,and c > 0. C) the corresponding SMC function is . D) both a and c E) all of the above -shaped when a > 0,b < 0,and c > 0.
C) the corresponding SMC function is For the short-run cost function AVC = a + bQ + cQ<sup>2</sup>, A) the AVC curve is -shaped when a < 0,b > 0,and c < 0. B) the AVC curve is -shaped when a > 0,b < 0,and c > 0. C) the corresponding SMC function is . D) both a and c E) all of the above .
D) both a and c
E) all of the above

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