A Firm Has Fixed Costs of $4,000

question 4

Multiple Choice

A firm has fixed costs of $4,000.Its short-run production function is y = 4x^1/2, 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/y + 4,000.
• B)8,000y.
• C)4,000 + 4,000y.
• D)4,000 + 250y2.
• E)4,000 + 0.25y2.

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Definitions:

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, affecting various biological functions such as sleep-wake cycles.

Chronotypes

Chronotypes refer to the natural inclination of individuals towards being more active or alert at certain times of the day, affecting their sleep patterns and daily performance.

Zeitgebers

External or environmental cues, such as light and temperature, that help regulate biological rhythms, including the sleep-wake cycle.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.