Show all working = TRSW2MP,tat(x,,x;).MP,Select one:O TrueO FalseA firm's total short-run cost function is C(y) = 12y³ – 8y2 + 30y + 12.What is the average variable cost?Select one:O a. AVC = 12y? - 8y + 30 12O b. AVC = 12y² – 8y + 30%3D%3DO. AVC = 36y2 – 16y + 30O d. None of the above

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A firm's total short-run cost function is C(y) = 12y³ – 8y² + 30y + 12. What is the average variable cost? Select one: a. AVC = 12y2 - 8y+ 30 12 O b. AVC = 12y? - 8y+ 30 %3D O. AVC = 36y² – 16y + 30 O d. None of the above

A firm's total short-run cost function is C(y) = 12y³ – 8y² + 30y + 12. What is the average variable cost? Select one: a. AVC = 12y2 - 8y+ 30 12 O b. AVC = 12y? - 8y+ 30 %3D O. AVC = 36y² – 16y + 30 O d. None of the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 40P: Return to Figure 7.7. What is the marginal gain in output from increasing the number of batters from...

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Question

Show all working

= TRS
W2
MP,
tat(x,,x;).
MP,
Select one:
O True
O False
A firm's total short-run cost function is C(y) = 12y³ – 8y2 + 30y + 12.
What is the average variable cost?
Select one:
O a. AVC = 12y? - 8y + 30 12
O b. AVC = 12y² – 8y + 30
%3D
%3D
O. AVC = 36y2 – 16y + 30
O d. None of the above

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