A Firm Has a Total Cost Function of C(Q)= 75

question 41

Multiple Choice

A firm has a total cost function of C(Q) = 75 + 25Q^1/2.The firm experiences:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) All of the statements associated with this question are correct.

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Definitions:

Selective Reduction

A medical procedure used in fertility treatments to reduce the number of fetuses in a multiple pregnancy, aiming to increase the chance of a successful, healthy pregnancy.

Genetic Abortion

Termination of a pregnancy based on the genetic characteristics of the fetus, often after the detection of genetic anomalies.

Genetic Materials

Biological substances that carry an organism’s genetic information, such as DNA and RNA.