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

question 53

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:

State Statute

A written law enacted by a state legislature governing matters within the state's jurisdiction.

Lien

A legal claim or right against a property as security for a debt or charge that must be paid when the property is sold.

Surety

A surety is a person or entity that takes responsibility for another's performance of an obligation, such as the repayment of a loan, ensuring its fulfillment or providing compensation for failure.

Obligation

A legal or moral duty to perform or refrain from performing a specific act.