Given a cost function C(Q) = 200 + 14Q + 8Q2, what is the marginal cost function?
A. 14 + 16Q
B. 200 + 8Q2
C. 14 + 16Q2
D. 14Q + 8Q2
Answer: A
Economics
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An economy that does not trade with the rest of the world is known as a(n) ________ economy
A) command B) closed C) open D) communist
Economics
In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?
A) It shifted down. B) It became flatter. C) It shifted up. D) It became linear.
Economics