Given that MEC(q) = 2q², what can be inferred about the total cost of pollution as output increases? A) The total cost of pollution is increasing. B) The total cost of pollution is positive. C) The total cost of pollution is growing at a positive rate. D) The total cost of pollution is growing at an increasing rate. E) The total cost of pollution is changing.

Question

Quizplus · Accepted Answer

The MEC(q) function includes a quadratic term (q^2), which means that as output (q) increases, the total cost of pollution will also increase. Additionally, since the coefficient of the quadratic term (2²) is positive, the total cost of pollution is growing at an increasing rate. Therefore, choice D is the best answer.

Given That MEC(q) = 2q2, What Can Be Inferred About

Given That MEC(q) = 2q², What Can Be Inferred About