Teal Talkies,a Manufacturer of Designer Cell Phones,has Determined That Its

question 31

Multiple Choice

Teal Talkies,a manufacturer of designer cell phones,has determined that its total cost of production is TC = 1,000 + 500Q ^-1 + 15Q².At 5 units of output,the firm's average cost is:

• A) $330.
• B) $130.
• C) $200.
• D) $295.
• E) $300.