A Manufacturer Has Determined That the Total Cost C of Producing

question 128

Multiple Choice

A manufacturer has determined that the total cost c of producing q units of a product is given by Average cost will be a minimum at a production level of

• A) 100 units.
• B) 200 units.
• C) 400 units.
• D) 800 units.
• E) none of the above

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Definitions:

International Nickel Company

A multinational corporation that was historically involved in nickel mining and smelting; now part of Vale S.A.

DeBeers Diamond Company

A large multinational corporation that specializes in diamond exploration, diamond mining, diamond retail, diamond trading and industrial diamond manufacturing sectors.

National Football League

A professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

American Football League

A professional American football league that merged with the National Football League (NFL) in 1970, now known as the AFC within the NFL.