If Total Cost Is Given by TC = a

question 47

Multiple Choice

If total cost is given by TC = a + bQ - cQ² + dQ³,then average variable cost is minimized at ________units of output.

• A) Q^* = a/2d
• B) Q^* = b/2d
• C) Q^* = c/3d
• D) Q^* = c/2d
• E) Q^* = d/2c

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Definitions:

Social Introversion

A personality trait characterized by a preference for solitary activities and reservations about participating in social situations.

Depression

A mental health disorder marked by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Hysteria

An outdated term for a psychological disorder characterized by extreme emotional excess, but now more accurately described in terms of specific anxiety disorders or psychosomatic symptoms.

Intellectual Achievement

Refers to significant accomplishments or contributions in the fields of knowledge, art, science, or technology, achieved through intellectual effort.