For the Cost Function C(Q)= 1000 + 14Q + 9Q²

question 161

Multiple Choice

For the cost function C(Q) = 1000 + 14Q + 9Q² + 3Q³,what is the marginal cost of producing the fourth unit of output?

• A) $42
• B) $295
• C) $230
• D) $116

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Definitions:

Productivity

The measure of efficiency in converting inputs into outputs, often assessed in terms of the amount produced per unit of labor or resources.

Human Relations

The study of the behavior of individuals and groups in organizational settings.