Suppose a Firm's Total Cost Curve Is Given by the Equation

question 65

Multiple Choice

Suppose a firm's total cost curve is given by the equation $T C = Q ^ { 2 } + 2 Q + 100$ . The firm's marginal cost is $M C = 2 Q + 2$ . At what level of $Q$
does the firm's average cost curve reach a minimum?

• A) 100
• B) 2
• C) 10
• D) 20