If STC = 3q2 + 7q + 15 , then:
A) AFC = 15.
B) SMC = 6q.
C) VC = 3q2 + 7q.
D) ATC = 3q + 7.
Correct Answer:
Verified
Q30: Figure 6A Q31: Variable cost may be defined as: Q32: Which of the following is most likely Q33: Suppose that the production function for a Q34: Profit maximizing firms produce their output: Q36: If a firm's Short- Run Total Cost Q37: In the short run: Q38: A fixed- proportions production function is one Q39: If land suitable for growing corn is Q40: A profit maximizing firm would like to
A)the change
A)to minimize
A)fixed costs are zero.
B)all
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