If TC = 1,500 + 7.5Q + Q², the cost function for ATC is ATC = ____. A) 1,500/Q B) 7.5 + Q C) 1,500/Q + 7.5 + Q D) Q

Name: If TC = 1,500 + 7.5Q + Q 2 , the cost function for ATC is ATC = ____. A) 1,500/Q B) 7.5 + Q C) 1,500/Q + 7.5 + Q D) Q
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The Average Total Cost (ATC) is found by dividing the Total Cost (TC) by the quantity (Q). Given TC = 1,500 + 7.5Q + Q, the ATC is calculated as (1,500 + 7.5Q + Q)/Q = 1,500/Q + 7.5 + Q.