Suppose That a Firm's Long-Run Total Cost Curve Can Be $T C ( Q ) = 100 Q$

question 17

Multiple Choice

Suppose that a firm's long-run total cost curve can be expressed as $T C ( Q ) = 100 Q$ . This firm's long-run marginal cost curve can be expressed as:

• A) \(M C = 100\).
• B) \(M C = 100 Q\).
• C) \(M C = 100 Q ^ { 2 }\).
• D) \(M C = 10\).

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Definitions:

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.

Self-Regulation of Attention

The ability to control one's focus of attention, managing distractions and focusing on relevant stimuli or tasks.

Nonjudgmental Awareness

An approach or practice of being mindful and observant without making judgments or evaluations.

Sensation-Seeking

The desire to participate in highly arousing activities; it is especially common in early and mid-adolescence.