Consider a firm's cost function: C(q) =25+2q^2. Which of the following statements is true? A. The marginal
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Question:
Consider a firm's cost function: C(q) =25+2q^2. Which of the following statements is true?
A. The marginal cost function is MC = 4q.
B. Fixed costs are 25 and the marginal cost function is MC = 2q.
C. The cost function has an upside-down "U shape."
D. The cost of producing 10 units is 200.
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