A Goatherd Has the Cost Function C(y) = 2y2, Where

question 29

Multiple Choice

A goatherd has the cost function c(y) = 2y2, where y is the number of tubs of goat cheese she makes per month. She faces a competitive market for goat cheese,with a price of $40 a tub. How many tubs should she produce per month?

• A) 10
• B) The square root of 40
• C) 4
• D) The square root of 20
• E) 5

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Definitions:

Self-managed

Self-managed describes a situation or system where individuals or teams operate independently, making decisions and controlling work processes without direct supervision.

Informal

Pertaining to interactions or structures not officially sanctioned or established by formal rules and procedures.

Cohesive

Characterizing a group, team, or unit that works well together, showing unity and a strong sense of collective purpose.

Coordinating Efforts

The process of organizing and aligning the activities of different participants or groups to achieve a common goal.