The Total Cost (TC) of Producing Computer Software Diskettes (Q)

question 1

Multiple Choice

The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is the marginal cost?

• A) 200
• B) 5Q
• C) 5
• D) 5 + (200/Q)
• E) none of the above

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Definitions:

Innovators

are individuals or organizations that are first to develop or adopt new ideas, processes, or products, often leading the way for others in technology or industry trends.

Self-expression-motivated

Driven by a desire to express individual identity and values through actions, choices, or the use of certain products and services.

Social

Relating to society or its organization; involving the collective aspects of people and their interactions.

Trend Adoption

The process by which individuals or groups start to use or mimic a new or popular behavior, style, or technology.