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

question 33

Multiple Choice

A competitive firm has a long-run total cost function c(y) = 5y2 + 1,125 for y > 0 and c(0) = 0.Its long-run supply function is described as

• A)y = p/5 if p > 148, y = 0 if p < 148.
• B)y = p/10 if p > 150, y = 0 if p < 150.
• C)y = p/10 if p > 153, y = 0 if p < 153.
• D)y = p/5 if p > 153, y =0 if p < 165.
• E)y = p/5 if p > 155, y = 0 if p < 145.

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Readability

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The process of making products, systems, or services functional, accessible, and aesthetically pleasing to meet users' needs.

Consistency

The quality of being uniform, coherent, and free of contradiction over time.

Balance

A state of equilibrium or equal distribution of weight, amount, or other elements required for steadiness.