Homework answers / question archive / Suppose the total cost function for production in the short run is: TC(q)=100+25q2TC(q)=100+25q2 Also, the production function is: q = 10L If a producer wants to make 100 units of the good, then she would need to hire _____ units of labour at a marginal cost of _____ for the last unit and an average variable cost of _____

Suppose the total cost function for production in the short run is: TC(q)=100+25q2TC(q)=100+25q2 Also, the production function is: q = 10L If a producer wants to make 100 units of the good, then she would need to hire _____ units of labour at a marginal cost of _____ for the last unit and an average variable cost of _____

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Suppose the total cost function for production in the short run is:

TC(q)=100+25q2TC(q)=100+25q2

Also, the production function is:

q = 10L

If a producer wants to make 100 units of the good, then she would need to hire

_____ units of labour at a marginal cost of

_____ for the last unit and an average variable cost of

_____.

option 1: 10, 20, or 15

option 2: 100, 500, or 25

option 3: 250, 100, or 500