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

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Definitions:

Matrix

A rectangular array of numbers or expressions arranged in rows and columns that can be used to solve systems of linear equations, among other applications.

Linear Inequalities

Algebraic expressions that deal with the comparison of linear expressions, using inequality signs like <, >, ≤, or ≥.

Graph

A graphic representation illustrating the framework of associations or linkages between several entities by utilizing unique elements such as dots, lines, and bars.

Quadrilateral

A polygon with four edges (or sides) and four vertices (or corners).