. For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following equation: a. 2+6Q b. (100/Q)+2+3Q c. (100/Q) d. 2+3Q
. For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following equation: a. 2+6Q b. (100/Q)+2+3Q c. (100/Q) d. 2+3Q
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 3MC
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10. For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following equation:
a. 2+6Q
b. (100/Q)+2+3Q
c. (100/Q)
d. 2+3Q
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