Mathematics · Calculus Applications in Economics
The total cost function of a firm is C = 0.1Q3 - 3Q2 + 50Q + 200. What is the expression for Average Variable Cost (AVC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 10.1Q3 - 3Q2 + 50 + 200Q
- 20.1Q2 - 3Q + 50 + 200Q
- 30.1Q2 - 3Q + 50✓
- 43Q2 - 6Q + 50
Correct answer
0.1Q2 - 3Q + 50
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