The Long-Run Cost Function for Jeremy's Jetski Rentals Is: C(q)

question 24

Essay

The long-run cost function for Jeremy's Jetski Rentals is: C(q) =
q². The long-run marginal cost function is MC(q) = 5q. If Jeremy can sell as many jetski rentals as he desires at $50, calculate his optimal output in the long run.

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A system of government where a single central government holds the majority of the power, with any regional or local governments having authority that is delegated from the central government.

Confederal Systems

A form of government where power is given to individual states or entities, with a weak central authority, allowing for a loose union.

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Potential negative consequences associated with the role and functioning of government, including inefficiency, bureaucratic delays, and the risk of corruption.