Suppose that total cost is given by TC = 200 + 5Q – 0.4Q2 + 0.001Q3
a. Fixed cost (FC) is $200
b. Variable cost (VC) is 5Q – 0.4Q2 + 0.001Q3
c. Average variable cost (AVC) is 5 – 0.4Q + 0.001Q2
d. Marginal cost (MC) is 5 – 0.8Q +.003Q2
e. All of the above are correct
e
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An increase in real GDP can shift
A) money demand to the left and increase the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the right and decrease the equilibrium interest rate. D) money demand to the left and decrease the equilibrium interest rate.
Many poorer countries face political instability and insecure property rights.
Answer the following statement true (T) or false (F)
If households choose to take some fraction of each check they deposit and hold it as currency, then the simple deposit multiplier ________ the real-world multiplier
A) is greater than B) is less than C) is equal to D) bears no relationship to
When the market estimate of a company's riskiness increases the market adjusts by
a. having the supply of that bond increase. b. having the supply of that bond decrease. c. having the demand for that bond increase. d. having the demand for that bond decrease.