A Competitive Firm Has the Short-Run Cost Function C(y)= 2y3

question 6

Multiple Choice

A competitive firm has the short-run cost function c(y) = 2y3 - 16y2 + 64y + 50.The firm will produce a positive amount in the short run if and only if the price is greater than

• A)$16.
• B)$64.
• C)$32.
• D)$35.
• E)$31.

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Definitions:

Subduction Zone

A region where subduction takes place, characterized by deep ocean trenches and volcanic activity.

Welded

The process by which materials are joined together through melting and cooling, often referring to the solidification of pyroclastic material in volcanic environments.

Accretion

The addition of tectonic terranes and other material to an existing landmass, usually along a convergent or transform plate boundary.

Rifting

The process of the Earth's crust being pulled apart, leading to the formation of rift valleys and potentially new ocean basins.