Use the Following Information to Answer Questions $S M C = 12 - 0.005 Q + 0.0000008 Q ^ { 2 }$

question 5

Multiple Choice

Use the following information to answer Questions.
Sport Tee Corporation manufactures T-shirts bearing the logos of professional baseball and football teams. The wholesale market for sport T-shirts is perfectly competitive.The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost is $S M C = 12 - 0.005 Q + 0.0000008 Q ^ { 2 }$ where Q is the number of T-shirts produced and sold each month. Sport Tee Corporation will have a fixed cost of $2,000 per month.
-Average variable cost at Sport Tee is

• A) 12 - 0.01Q + 0.0000024Q²
• B) 12 - 0.0025Q + 0.000000266Q²
• C) 12 - 0.0001Q + 0.000001Q²
• D) 12Q -0.0025Q² + 0.000000266Q³
• E) none of the above

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Definitions:

Extraneous Variables

Factors in a study that could undermine the internal validity by influencing the dependent variable in a way not intended by the research.

Independent Variables

Variables in an experiment that are manipulated or changed by the researcher to observe their effect on dependent variables.

Counterbalanced Crossover Design

An experimental design where participants are exposed to multiple conditions in a sequence that is randomized to control for the order effects.

Posttest

An evaluation or test conducted after the completion of an educational or training program to measure what participants have learned.