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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