Suppose That a Firm's Long-Run Total Cost Curve Can Be $T C ( Q ) = 100 Q$

question 23

Multiple Choice

Suppose that a firm's long-run total cost curve can be expressed as $T C ( Q ) = 100 Q$ . This firm's long-run marginal cost curve can be expressed as

• A) \(M C = 100\) .
• B) \(M C = 100 Q\) .
• C) \(M C = 100 Q ^ { 2 }\) .
• D) \(M C = 10\) .

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Definitions:

Unionization Rate

The proportion of workers in a specific sector, company, or economy who are members of a labor union.

Educational Services

Institutions and activities aimed at providing instruction and training in a wide range of subjects and skills.

Transportation and Warehousing

The industry sector focused on the storage, transportation, and distribution of goods.

Unionized Employees

Workers who are members of a labor union, which represents their interests in negotiations with employers.