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

question 99

Multiple Choice

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

• A)16.
• B)12.
• C)4.
• D)none of the statements associated with this question are correct.

Understand the concept of opportunity cost and how it influences economic decisions.

Recognize the secondary effects of economic policies and individual choices.

Comprehend the economic way of thinking regarding how incentives and marginal changes influence behaviors.

Understand the importance of predictions in testing economic theories.

---

Definitions:

Management Rights Clause

A section in a labor agreement that defines the rights and responsibilities of management to run and operate the company without interference.

Supreme Rights Clause

A legal provision asserting the primary authority of a nation's constitution or laws over any conflicting laws or agreements.

Defined Rights Clause

A provision in a legal document that specifies the rights granted to parties involved.

Labour Legislation

Encompasses laws and regulations governing the relationship between employers and employees, including rights and obligations in the workplace.