A Firm with the Cost Function C(y) = 20y2

question 25

True/False

A firm with the cost function c(y) = 20y2 + 500 has a U-shaped cost curve.

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Definitions:

Implicit Prejudice

Negative attitudes or affective reactions associated with an outgroup, for which the individual has little or no conscious awareness and which can be automatically activated in intergroup encounters.

Unconsciously

The process of thoughts, feelings, or behaviors occurring without conscious awareness or intention by the individual.

Negative Attitudes

Refers to an unfavorable evaluative stance toward a person, group, concept, or object, often based on prejudgment or negative beliefs.

Realistic Group Conflict Theory

A theory suggesting that intergroup conflict arises from competition over resources or conflicting goals.