A Firm Has Fixed Costs of $4,000

question 64

Multiple Choice

A firm has fixed costs of $4,000. Its short-run production function is y = 4 , where x is the amount of variable factor it uses. The price of the variable factor is $4,000 per unit. Where y is the amount of output, the short-run total cost function is

• A) + 4,000.
• B) 8,000y.
• C) 4,000 + 4,000y.
• D) 4,000 + 250y2.
• E) 4,000 + 0.25y2.

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Definitions:

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