A Competitive Firm Has a Long-Run Total Cost Function C(y)=

question 17

Multiple Choice

A competitive firm has a long-run total cost function c(y) = 3y2 + 675 for y > 0 and c(0) = 0.Its long-run supply function is described as

• A)y = p/6 if p > 90, y = 0 if p < 90.
• B)y = p/3 if p > 88, y = 0 if p < 88.
• C)y =p/3 if p > 93, y = 0 if p < 99.
• D)y =p/6 if p > 93, y = 0 if p < 93.
• E)y =p/3 if p > 95, y = 0 if p < 85.

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Definitions:

Conduction

Transfer of energy, such as heat, from one point to another without evident movement in the conducting body.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that support and protect neurons.

Blood-Brain Barrier

The blood-brain barrier is a semi-permeable barrier of endothelial cells that prevents most substances in the blood from non-selectively crossing into the brain, protecting it from pathogens and toxins.

Myelin Sheaths

Protective covering made of fat and protein that surrounds nerve fibers, facilitating the rapid transmission of nerve impulses.