Answer the Question About the Given Function

question 2

Multiple Choice

Answer the question about the given function.
-Given the function list the y-intercept, if there is one, of the graph of f.

• A)-4
• B)4
• C)-8

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Definitions:

Supply Function

A mathematical relationship that describes the quantity of a good or service that producers are willing to sell at each possible price.

Long-Run Total Cost Function

An economic concept that describes how the total cost of production changes in response to changes in output over the long term, when all input factors can be varied.

Long-Run Supply Function

A representation of the relationship between the price of a good and the quantity supplied over a period where all factors of production are variable.

Long-Run Cost Function

An economic concept reflecting the total cost of production where all inputs can be fully adjusted to minimize costs.