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# Question 21 Suppose that a firm's cost equation is TC(Q) = 100 + 2Q + 3Q2. The total variable cost of producing 2 units of output is:

Question 21

Suppose that a firm’s cost equation is TC(Q) = 100 + 2Q + 3Q2. The total variable cost of producing 2 units of output is:
a. 24.
b. 16.
c. 12.
d. 8.
e. None of the above.

Question 22

Suppose that a firm’s cost equation is TC(Q) = 100 + 2Q + 3Q2. The total fixed cost of producing 2 units of output is:
a. 116.
b. 100.
c. 16.
d. 8.
e. None of the above.

Question 23

Suppose that a firm’s cost equation is TC(Q) = 100 + 2Q + 3Q2. The marginal cost of producing 2 units of output is:
a. 24.
b. 14.
c. 12.
d. 8.
e. None of the above.

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Question 21
Suppose that a firm’s cost equation is TC(Q) = 100 + 2Q + 3Q2. The total variable cost of producing 2
units of output is:
a. 24.
b. 16.
c. 12.
d. 8.
e. None of the above.
= 2*2 +3*2*2...

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