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

question 7

Multiple Choice

Suppose a firm's total cost curve is TC = Q² + Q + 100. The firm's marginal cost is MC = ____.

• A) Q² + Q + 100
• B) 2Q + 1
• C) Q + 1 + (100/Q)
• D) Q + 1

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid or received.

90-Day Note

A short-term debt obligation that is due for repayment within 90 days of the note's issuance.

Direct Write-Off Method

A method of accounting for bad debts that involves charging unpaid customer accounts directly to the income statement when they are determined to be uncollectible.

Accounting Equation

The fundamental equation that ensures the balance of a company's financial records: Assets = Liabilities + Equity.