Suppose a Firm's Total Cost Curve Is TC = Q²

question 107

Multiple Choice

Suppose a firm's total cost curve is TC = Q² + Q + 100. The quantity that minimizes average total cost is Q = ____.

• A) 100
• B) 20
• C) 10
• D) 0

Understand the basic concepts and processes involved in meiosis and mitosis.

Identify the stages and outcomes of meiosis.

Describe the chromosomal basis of inheritance and the role of crossing over in genetic diversity.

Differentiate between asexual and sexual reproduction and their evolutionary significance.

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Definitions:

Target Net Profit

A specific financial goal for net income that a company aims to achieve within a certain period.

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, showing the proportion of sales revenue that exceeds variable costs.

Price Increase

An adjustment in the cost of goods or services, typically resulting in consumers paying more for those items.

Contribution Margin Ratio

A financial metric that measures how much of a company's revenue is left over after variable costs are subtracted, expressed as a percentage of sales revenue.