If the Long-Run Total Cost Curve for Each Firm Is

question 103

Multiple Choice

If the long-run total cost curve for each firm is given by TC = 60Q - 70Q² + 4Q³, in the long run, the marginal cost is:

• A) 60 - 70Q + 4Q².
• B) 60 - 140Q + 12Q².
• C) 60Q - 70Q² + 4Q³.
• D) -70Q² + 4Q³.

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Definitions:

Prognosis

A prediction regarding the likely course and outcome of a disease or condition, based on medical knowledge and patient-specific factors.

Diagnosis

The process of identifying and determining the nature of a disease or disorder through evaluation of patient history, examination, and review of laboratory data.

Aetiology

The study of causes or origins, often used in the contexts of disease to describe the factors contributing to the onset of health conditions.

Prognosis

A prediction of the likely course and outcome of a disease or illness.