Suppose a Cost Function Is TC = Aq³ + Bq²

question 1

Multiple Choice

Suppose a cost function is TC = Aq³ + bq² + cq +d. Then the average variable cost is

• A)Aq² + bq + cq +d/q
• B)Aq² + bq + c
• C)Aq³ + bq² + cq
• D)d

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Definitions:

Generalized Dissociative Amnesia

A psychological condition in which a person cannot recall important personal information, not due to ordinary forgetfulness but often triggered by trauma or stress.

Psychomotor Retardation

A slowing-down of thought and a reduction of physical movements in an individual, often an indicator of major depression or other psychiatric disorders.

Obsessive-compulsive Disorder

A mental health disorder characterized by uncontrollable, recurring thoughts (obsessions) and behaviors (compulsions) that the individual feels the urge to repeat.

Panic Disorder

A psychiatric disorder characterized by recurrent, unexpected panic attacks and ongoing concern about having more attacks or changing behavior to avoid them.