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Microeconomic MCQ 1

14. Given the total cost function, TC=l20+12*Q, the average cost function is A) 12*Q+l2/Q. B) 120/Q +12. C) 120*Q+l2*Q2. D) 120*Q+12. E) impossible to calculate with the infom1ation provided.

B) 120/Q +12

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14. Given the total cost function, TC=l20+12Q, the average cost function is A) 12Q+l2/Q. B) 120/Q +12. C) 120Q+l2Q2. D) 120*Q+12. E) impossible to calculate with the infom1ation provided.