Suppose the Total Cost of Producing T-Shirts Can Be Represented

question 26

Multiple Choice

Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q.Which of the following statements is TRUE at all levels of production?

• A) MC = AVC
• B) MC = AC
• C) MC > AFC
• D) All of the above.

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Definitions:

\(k + 8\)

An algebraic expression representing the sum of a variable, \(k\), and the number 8.

\(d = \frac { 3 } { 7 }\)

Represents a specific value of the variable d, which is equal to the fraction three-sevenths.

\(d = 4\)

An equation representing that the value of the variable \(d\) is equal to 4.