MrOCarr Has the Cost Function C(y)= Y2 + 144 If

question 7

True/False

Mr.O.Carr has the cost function c(y)= y2 + 144 if his output, y, is positive and c(0)= 0.If the price of output is 18, Mr.Carr's profit-maximizing output is zero.

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Definitions:

Stock Dividend

A dividend payment made in additional shares of a company's stock instead of cash.

Cash Dividend

A distribution of earnings made by a company to its stockholders, often in the form of profits.

Stock Split

A corporate action that increases the number of shares by dividing each share, which typically reduces the price per share.

Retained Earnings

The portion of a company's profits that are kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business.