Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the total fixed cost is

a. Aq2 + bq + cq +d/q
b. Aq2 + bq + c
c. Aq3 + bq2 + cq
d. d

d

Economics

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Indicate whether the statement is true or false

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In recent years, the fertility rate in developing countries has been

(a) declining. (b) holding steady. (c) increasing. (d) showing no particular pattern.

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