Simplify to the Form a + Bi

question 48

Multiple Choice

Simplify to the form a + bi.
-

• A) -i
• B) -2i
• C) i
• D) 0

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Definitions:

Long-run Cost Function

Refers to a firm's costs of production when all inputs, including capital, are variable and can be adjusted.

Cost-output Elasticity

A measure of how responsive the total cost of production is to a change in the quantity produced.

Long-run Cost Function

A representation of the relationship between output and the cost of production when all inputs, including capital, can be varied.

Short-run Cost Function

The costs a company incurs in the production of goods or services within a short period, considering some inputs are fixed.