A Firm Has the Short-Run Total Cost Function C(y)= 9y2

question 14

Multiple Choice

A firm has the short-run total cost function c(y) = 9y2 + 144.At what quantity of output is short-run average cost minimized?

• A)4
• B)16
• C)0.75
• D)3
• E)None of the above.

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Definitions:

Unlimited Liability

A legal condition where a business owner or partner can be held personally responsible for the debts and obligations of the business without any limit.

Limited Partner

An investor in a partnership who is not involved in the day-to-day operations and whose liability is restricted to the amount of their investment.

Contaminated Food

Food that has been corrupted by harmful bacteria, viruses, or substances, making it unsafe for consumption.

Gross Revenues

The total revenues generated by a business before any deductions are made for expenses.