A Firm Has a Short-Run Cost Function C(y)= 3y

question 29

Multiple Choice

A firm has a short-run cost function c(y) = 3y + 14 for y = 0 and c(0) = 10.The firm's quasi-fixed costs are

• A)$10.
• B)$4.
• C)$9.
• D)$14.
• E)They are not possible to determine from this information.

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