Given a cubic cost function C(Q) = Q3 + Q2 + Q + 1, arrange total cost (TC), Marginal Cost (MC), Average Cost (AC), Average Fixed Cost (AFC) in increasing order when Q = 2
(A). AFC
(B). TC
(C). MC
(D). AC
Choose the correct answer from the options given below.
1
(A), (B), (C), (D).
2
(A), (D), (B), (C).
3
(A), (C), (B), (D).
4
(C), (B), (D), (A).
5
Question Not Attempted