Which of the following is true for the cubic total cost function TC = a + bQ + cQ² + dQ³,where a = 0,b = 25,c = -10,and d = 1? A)Marginal cost equals average total cost B)Marginal cost equals average variable cost C)Total cost equals total variable cost D)Total cost equals total fixed cost

Question

Quizplus · Accepted Answer

Since a = 0, there is no fixed cost, so total cost equals total variable cost.

Which of the Following Is True for the Cubic Total