For the Cost Function C(Q)= 75 + 4Q + 2Q²,the

question 180

Multiple Choice

For the cost function C(Q) = 75 + 4Q + 2Q²,the marginal cost of producing 5 units of output is:

• A) 4.
• B) 54.
• C) 20.
• D) 24.

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Definitions:

Inferential Statistics

Inferential statistics involve using data from a sample to make estimates or test hypotheses about the population from which the sample was taken.

Sample

A group of people or observations chosen from a broader population intended for statistical study.

Population

The complete collection of people or cases that are the focus of the study.

Sample

A subset of individuals, objects, or measurements selected from a population that is used to make inferences about the overall population.