Let the TC curve be given by the equation TC(Q) = 20 + 5Q. The variable cost curve can be expressed as

Name: Let the TC curve be given by the equation TC(Q) = 20 + 5Q. The variable cost curve can be expressed as
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Question

Quizplus · Accepted Answer

The variable cost curve represents the total cost minus the fixed cost. In this case, the fixed cost is 20, so the variable cost curve can be expressed as TC(Q) - FC = 5Q. This simplifies to VC(Q) = 5Q. Therefore, the correct answer is (C).

Let the TC Curve Be Given by the Equation TC(Q)