Suppose That a Firm's Long-Run Total Cost Curve Can Be $T C ( Q ) = 100 Q$

question 17

Multiple Choice

Suppose that a firm's long-run total cost curve can be expressed as $T C ( Q ) = 100 Q$ . This firm's long-run marginal cost curve can be expressed as:

• A) \(M C = 100\).
• B) \(M C = 100 Q\).
• C) \(M C = 100 Q ^ { 2 }\).
• D) \(M C = 10\).

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Definitions:

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Damage to the orbitofrontal cortex, which can alter personality and inhibit social and emotional behavior, leading to deficits in decision-making and impulse control.

Dorsolateral Prefrontal Cortex

A region of the brain that plays a crucial role in executive functions, such as working memory, cognitive flexibility, and planning.

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Reactions or behaviors in individuals that are influenced by the presence, actions, or expectations of others.

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The reflexive release of milk from the alveoli of the mammary glands to the ducts leading to the nipple, stimulated by the hormone oxytocin.