Study Questions for Intermediate Microeconomics Exam #2

2 95 120/2 70/2 30 3 210/3 120/3 30 20 4 220/4 120/4 100/4 10 5 47 120/5 115/5 15 6 258/6 120/6 23 23 2. By definition, the elasticity of total cost is the ratio of marginal cost to average cost; for the total cost function TC = 0.4Q2 + 40, find the elasticity of total cost at Q=5, Q=10, and Q=20 units of output. ................
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