A Firm Has the Long-Run Cost Function C(q) = 6q2

question 13

Multiple Choice

A firm has the long-run cost function C(q) = 6q2 + 486.In the long run, it will supply a positive amount of output, so long as the price is greater than

• A) $216.
• B) $54.
• C) $224.
• D) $108.
• E) $113.

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Definitions:

Portfolio Expected Return

The weighted average of the expected returns on the assets contained within a portfolio.

Portfolio Risk

Portfolio Risk refers to the potential for loss in an investment portfolio, arising from the variability of returns from the various assets held within the portfolio.

Index Funds

Investment funds that replicate the performance of a specific index of stocks, bonds, or other financial assets.

Expected Opportunity Losses

The anticipated amount of loss associated with not choosing the optimal course of action in decision-making under uncertainty.