For the Cost Function C(Q)= 50 + 4Q + 2Q²,the

question 109

Multiple Choice

For the cost function C(Q) = 50 + 4Q + 2Q²,the total variable cost of producing 7 units of output is:

• A) 32.
• B) 102.
• C) 126.
• D) None of the answers are correct.

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Definitions:

Crustaceans

A diverse group of aquatic animals that have a hard exoskeleton, including species such as crabs, lobsters, and shrimps.

Mollusks

A large and diverse phylum of invertebrates that includes snails, slugs, oysters, and octopuses, with a soft body and, frequently, a calcium carbonate shell.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in the embryonic stages of all chordates and some adult animals.

Phylum

A major category in the classification of living organisms, ranking above class and below kingdom.