Suppose a Firm's Total Cost Function Is Given by TC

question 66

Multiple Choice

Suppose a firm's total cost function is given by TC = 6,000 + 2Q + 0.25Q², where MC = 2 + 0.5Q. The output level that minimizes total cost is ____.

• A) 154.9
• B) 175
• C) 150
• D) 0

---

Definitions:

Medical History

A comprehensive record of a patient’s past medical conditions, treatments, surgeries, allergies, and other relevant health information.

Conscientiousness

A personality trait characterized by organization, responsibility, hard work, and reliability, often associated with high performance and success in various life areas.

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups.

Gender Differences

Variations in the characteristics, behaviors, or experiences of individuals based on their gender.