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Suppose That the Market for Painting Services Is Perfectly Competitive

Question 44

Multiple Choice

Suppose that the market for painting services is perfectly competitive. Painting companies are identical and have long-run cost functions given by Suppose that the market for painting services is perfectly competitive. Painting companies are identical and have long-run cost functions given by . The marginal cost curve for a firm in this industry is MC (Q) = ____. A) 18Q<sup>2</sup> - 60Q + 200 B) 6Q<sup>2</sup> - 30Q + 200 C) 6Q<sup>3</sup> - 30Q<sup>2</sup> + 200Q D) 18Q<sup>3</sup> - 30Q<sup>2</sup> + 200Q . The marginal cost curve for a firm in this industry is MC (Q) = ____.


A) 18Q2 - 60Q + 200
B) 6Q2 - 30Q + 200
C) 6Q3 - 30Q2 + 200Q
D) 18Q3 - 30Q2 + 200Q

Correct Answer:

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