Average Variable Cost Function Is Estimated as Which of the Following

question 24

Multiple Choice

average variable cost function is estimated as Which of the following cost functions is associated with this estimate?

• A)SMC = 96 - 4Q + 0.1Q²
• B)TVC = 96Q - 2Q² + 0.05Q³
• C)TVC = 96Q + 4Q² + 0.15Q³
• D)SMC = 96 - 4Q + 0.15Q²
• E)both b and d

---

Definitions:

Union Contract

A written agreement between an employer and a labor union that outlines the terms of employment, wages, benefits, and working conditions for unionized employees.

Strike

A stoppage of work by employees as a means of enforcing a demand made on their employers.

Lawful

pertains to that which is in accordance with the law; legal and legitimate.

ABC Construction

Implies a generic name for a construction company and does not denote any particular entity unless specifically referenced.