The empirical specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$ can be used to estimate
A) a short-run cubic production function.
B) short-run cubic cost function.
C) a -shaped TVC curve.
D) both b and c
E) none of the above

Question

The empirical specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$ can be used to estimate
A) a short-run cubic production function. 
B) short-run cubic cost function. 
C) a -shaped TVC curve. 
D) both b and c 
E) none of the above

Quizplus · Accepted Answer

The Answer of The empirical specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$ can be used to estimate
A) a short-run cubic production function. 
B) short-run cubic cost function. 
C) a -shaped TVC curve. 
D) both b and c 
E) none of the above

The Empirical Specification TVC=aQ+bQ2+cQ3T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }TVC=aQ+bQ2+cQ3

The Empirical Specification $T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }$