12. The monthly total cost of production for Flavell Corp., is related to the level of output Q in the following way: TC = 15Q -8Q² +Q³ Which of the following represents the marginal cost of this total cost curve? a) MC=15-16Q+ 3Q² b) MC=-16Q+3Q² c) MC=15-8Q+ 3Q² d) MC=15+8Q-3Q²

12. The monthly total cost of production for Flavell Corp., is related to the level of output Q in the following way: TC = 15Q -8Q² +Q³ Which of the following represents the marginal cost of this total cost curve? a) MC=15-16Q+ 3Q² b) MC=-16Q+3Q² c) MC=15-8Q+ 3Q² d) MC=15+8Q-3Q²

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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Question

12. The monthly total cost of production for Flavell Corp., is related to the level of output Q in
the following way:
TC = 15Q -8Q² +Q³
Which of the following represents the marginal cost of this total cost curve?
a) MC=15-16Q+ 3Q²
b) MC=-16Q+3Q²
c) MC=15-8Q+ 3Q²
d) MC=15+8Q-3Q²

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