If TC = 321 + 55Q - 5Q2, then average total cost at Q = 10 is:
a. 10.2
b. 102
c. 37.1
d. 371
e. 321
c
You might also like to view...
What three factors regarding differences in interest rates on similar bonds can prevent the interest parity condition from holding?
What will be an ideal response?
Which legal claim has a fixed annual coupon payment?
A) common stock B) preferred stock C) bond D) reinvestment
The monopolist's outcome happens at a:
A. lower price than the perfectly competitive one. B. higher price than the perfectly competitive one. C. higher quantity than the perfectly competitive one. D. equal quantity that is equal to a perfectly competitive one.
Even-handed enforcement of contracts fuels economic prosperity because it
A) increases market uncertainty and the probability of contract violations. B) promotes gains from trade by keeping transaction costs low. C) increases transaction costs. D) permits individuals to invade or infringe on the property rights of others.