Solve the Problem $C ( x ) = 25 x + 30$

question 77

Multiple Choice

Solve the problem.
-A moving firm charges a flat fee of $30 plus $25 per hour. Find the cost C(x) of using the moving firm for x hours.

• A) \(C ( x ) = 25 x + 30\)
• B) \(C ( x ) = 25 x - 30\)
• C) \(C ( x ) = 30 x - 25\)
• D) \(C ( x ) = 30 x + 25\)

Distinguish between short-run and long-run outcomes in monopolistic competition.

Analyze market concentration and its implications on market power.

Understand the measurement and significance of the Herfindahl index and the four-firm concentration ratio in analyzing market structure.

Describe the role of nonprice competition in monopolistic competition.

---

Definitions:

Congress Adjourns

The formal conclusion or suspension of a legislative session, after which members of Congress leave to return at a later date or for the end of the session.

Veto Message

A statement issued by the president of the United States when vetoing a piece of legislation, outlining his reasons for doing so.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.

Constitutional Amendment

A change or addition to the US Constitution, requiring approval by a significant majority in Congress and ratification by a set number of states.