Asked by Marissa Martinez on May 04, 2024
Verified
Janet's poodle grooming salon has a total cost curve expressed by the equation TC = 100 + 3Q2,where Q is the quantity of dogs groomed.Given this expression,if Janet grooms five dogs,her total costs will be:
A) $100.
B) $175.
C) $225.
D) $75.
Total Cost Curve
A graphical representation showing the total cost incurred by a firm in the production of goods or services at different levels of output.
Quantity
The volume of a physical or non-physical item or service.
- Decode the implications of production functions on costs and output through their graphical representations.
Verified Answer
XR
xAlbino Rhino5xMay 08, 2024
Final Answer :
B
Explanation :
To find the total cost for grooming five dogs, substitute Q with 5 in the total cost equation TC = 100 + 3Q. So, TC = 100 + 3(5) = 100 + 15 = $115. However, there seems to be a misunderstanding in the transcription of the choices provided based on the calculation. The correct calculation based on the given formula results in $115, which does not match any of the provided options. Given the options, the closest approach to explaining the correct answer would involve acknowledging a potential error in the transcription of the question or answer choices.
Learning Objectives
- Decode the implications of production functions on costs and output through their graphical representations.