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Question

Macroeconomics Question on Production Function

A manufacturer producing pens has the following information regarding the cost of production of pens:

Output (𝑄)123
Total Costs (𝑇𝐶)41332

"If the total cost function is of the form 𝑇𝐶(𝑄)=𝑎𝑄2+𝑏𝑄+𝑐𝑇𝐶(𝑄) = 𝑎𝑄^2 + 𝑏𝑄 + 𝑐 where 𝑎, 𝑏, and 𝑐 are constants, then the value of 𝑇𝐶(𝑄)at𝑄=4𝑇𝐶(𝑄) at 𝑄 = 4 is (in integer)."

Answer

The correct answer is :61