Suppose a Firm's Total Cost Curve Is TC = Q³

question 93

Multiple Choice

Suppose a firm's total cost curve is TC = Q³ - Q² + Q + 10.
At the quantity that minimizes average variable cost, the marginal cost is equal to $____.

• A) 1
• B) 0.75
• C) 0.5
• D) 0.25

---

Definitions:

Rescind

To revoke, cancel, or repeal a law, order, or agreement.

Sue

To initiate a lawsuit or legal action against an individual or entity in a court of law.

Mistake Of Law

An error arising from misunderstanding or ignorance of legal principles, which can affect the validity of a contract.

Legal Actions

Legal actions are formal steps taken within the judicial system to enforce or defend rights, often involving lawsuits or proceedings in court.