Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. Your fixed cost is $________, and your marginal cost is $________.

A. 300/Q; 30
B. 300; 10Q
C. 300; 10
D. 300/Q; 10


Answer: C

Economics

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