Answered: If the Marginal Cost MC = 130 + 0.6Q2 ,…

If the Marginal Cost MC = 130 + 0.6Q2 , and the Fixed costs are 40, then the Total Cost is TC = Select one: O a. 130Q + 0.2Q³ O b. 130Q + 0.6Q3 O c. 130Q + 0.2Q3 + 40 d. 130Q + 0.6Q' + 40

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 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

If the Marginal Cost
MC = 130 + 0.6Q2 , and the
Fixed costs are 40, then the Total
Cost is TC =
Select one:
O a. 130Q + 0.2Q³
O b. 130Q + 0.6Q³
O c. 130Q + 0.2Q³ + 40
O d. 130Q + 0.6Q³ + 40

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