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

question 140

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 average total cost is ____.

• A) 154.9
• B) 175
• C) 150
• D) 0

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