For the cost function C(Q) = 500 + 12Q + 4Q2 + Q3, what is the marginal cost of producing the eighth unit of output?
A. $268
B. $184
C. $524
D. $852
Answer: A
Economics
You might also like to view...
If a consumer goes to the store and purchases a DVD player, the shopper is buying both a _____.
(A) Durable and intermediate good. (B) Nondurable and final good. (C) Durable and final good. (D) Nondurable and intermediate good.
Economics
The second-order condition for maximizing net benefits is:
A. d(MB)/dQ < d(MC)/dQ. B. d2N/dQ2 < 0. C. d2B/dQ2 < d2C/dQ2. D. All of the statements associated with this question are correct.
Economics
A price floor set below the equilibrium price will cause which of the following?
A) an increase in demand B) a shortage C) a surplus D) none of the above
Economics
As interest rates rise, the quantity of money demanded
A. falls. B. rises. C. stays the same. D. does not react to interest rate changes.
Economics