The Empirical Specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$

question 21

Multiple Choice

The empirical specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$ can be used to estimate

• A)a short-run cubic production function.
• B)short-run cubic cost function.
• C)a \(\text { U }\) -shaped TVC curve.
• D)both b and c
• E)none of the above

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