For the Cost Function C(Q)= 100 + 2Q + 3Q²,the

question 28

Multiple Choice

For the cost function C(Q) = 100 + 2Q + 3Q²,the marginal cost of producing 2 units of output is:

• A) 2.
• B) 3.
• C) 12.
• D) 14.

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Definitions:

Hotel Rooms

Units of accommodation provided by hotels for guests, typically including a bed and bathroom and varying in size and amenities.

Coupon Rationing

A method where coupons are used to limit the purchase of certain products to ensure equitable distribution or to manage scarcity.

Market Outcome

The end result of all buying and selling activities within a particular market, determined by factors like supply and demand, competition, and regulation.

Resold

The act of selling a product or service that has previously been bought, often used in the context of goods sold in secondary markets.