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

question 24

Multiple Choice

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

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

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Definitions:

Online Retailer

A business that sells goods or services over the internet, offering products directly to consumers through digital platforms.

Price Continuum

The range of prices across different products or services in a market, from the lowest to the highest, reflecting the variety of value propositions and customer segments.

Bell Curve

A graphical depiction of a normal probability distribution, characterized by its bell-shaped curve, indicating a range and frequency of values.

Direct Retailing

The process of selling products directly to the consumer, bypassing any intermediary channels such as wholesalers or physical retailers.