A Firm Has a Short-Run Cost Function C(y)= 3y

question 16

Multiple Choice

A firm has a short-run cost function c(y) = 3y + 11 for y = 0 and c(0) = 8.The firm's quasi-fixed costs are

• A)$8.
• B)$11.
• C)$3.
• D)$7.
• E)They are not possible to determine from this information.

---

Definitions:

Threat

Threat refers to a potential cause of harm or danger, either physical, psychological, or to the security of an individual or organization.

Investment

The action or process of allocating resources, usually financial, with the expectation of achieving a profit or material result.

Modification

The act of making changes or alterations to something, often to improve it or to adapt it to different needs or conditions.

Lewin's Model

A change management model proposing that successful change involves unfreezing, changing, and refreezing to embed new practices within an organization.