Straker Industries Estimated Its Short-Run Costs Using a U-Shaped Average $A V C = a + b Q + c Q ^ { 2 }$

question 41

Multiple Choice

Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form $A V C = a + b Q + c Q ^ { 2 }$ and obtained the following results.Total fixed cost (TFC) at Straker Industries is $1,000. If Straker Industries produces 12 units of output,what is estimated average total cost (ATC) ?

• A)$121.93
• B)$171.40
• C)$463.20
• D)$1,348

Understand the principles underlying altruistic behavior and the conditions that facilitate helping behavior.

Evaluate the role of social exchange theory and equity in interpersonal relationships and social behavior.

Comprehend the influence of non-verbal cues and physical environment on social interactions and attraction.

Acknowledge the importance of self-disclosure in developing and maintaining close relationships.

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