Suppose a Firm's Total Cost Curve Is TC = 5Q²

question 29

Multiple Choice

Suppose a firm's total cost curve is TC = 5Q² + 6Q + 125. The firm's average variable cost is AVC = ____.

• A) 10Q + 6
• B) 5Q + 6 + (125/Q)
• C) 5Q + 6
• D) 5Q² + 6Q

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Definitions:

Operant Conditioning

An educational method where the intensity of an action is altered through rewards or penalties.

Instrumental

Instrumental refers to something that serves as a means to an end or is used to achieve a particular purpose.

Modeling

The process of representing or simulating real-world processes, systems, or behaviors through mathematical equations, physical replicas, or computer simulations.

Operant Conditioning

A training technique by which behavior's robustness is adjusted by means of encouragement or disciplinary measures.