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A Short-Run Marginal Cost Function Is Estimated as

Question 47

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A short-run marginal cost function is estimated as A short-run marginal cost function is estimated as .Which of the following cost functions is associated with this estimated SMC equation? A) TVC = 96Q - 2Q<sup>2</sup> + 0.05Q<sup>3</sup> B) SMC = 96 - 4Q + 0.1Q<sup>2</sup> C) TVC = 96Q + 4Q<sup>2</sup> + 0.15Q<sup>3</sup> D) AVC = 96 - 2Q + 0.05Q<sup>2</sup> E) a and d .Which of the following cost functions is associated with this estimated SMC equation?


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

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