For the Cost Function C(Q)= 200 + 3Q + 8Q²

question 1

Multiple Choice

For the cost function C(Q) = 200 + 3Q + 8Q² + 4Q³,what is the average fixed cost of producing six units of output?

• A) 18.31
• B) 212.61
• C) 42.12
• D) 33.33

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Definitions:

Performance Appraisal

An ongoing process whereby an employer evaluates an employee's job performance and productivity in relation to pre-established criteria and organizational objectives.

Win-Lose

A competitive situation or negotiation where one party's gain is directly proportional to another party's loss.

Managers Performance

The assessment of how effectively managers achieve their goals, lead teams, and contribute to organizational success.

Accurate

The quality of being correct, precise, or true representation of facts or details.