For a Firm, Let Total Cost Be $T C ( Q ) = 10 Q ^ { 2 }$

question 91

Multiple Choice

For a firm, let total cost be $T C ( Q ) = 10 Q ^ { 2 }$ and marginal cost be $M C ( Q ) = 20 Q$ . Which of the following is an expression for the output elasticity of total cost?

• A) \(\epsilon _ { T C , Q } = 10 Q\).
• B) \(\epsilon _ { I C , Q } = 2 Q\).
• C) \(\epsilon _ { T C , Q } = 2\).
• D) \(\epsilon _ { T C , Q } = 20 Q\).

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Definitions:

Freudian Theory

A set of psychoanalytic theories developed by Sigmund Freud that center on unconscious desires, childhood experiences, and the structure of the psyche.

Catharsis

A release of tension or anxiety.

Delivered Shocks

In psychological experiments, a method used to assess obedience or aggression where participants are instructed to administer electric shocks to others.

Subjected To Frustration

The state of experiencing obstacles that prevent an individual from achieving desired goals, leading to feelings of dissatisfaction or stress.