A Firm Has the Short-Run Total Cost Function C(y)= 9y2

question 14

Multiple Choice

A firm has the short-run total cost function c(y) = 9y2 + 144.At what quantity of output is short-run average cost minimized?

• A)4
• B)16
• C)0.75
• D)3
• E)None of the above.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the muscles and glands, comprising the sympathetic and parasympathetic nervous systems.

Skeletal Muscle

A type of striated muscle, attached to the skeleton, that is under voluntary control and is responsible for movement of the bones and the body.

Protein Synthesis

Protein synthesis is the process by which cells build proteins, involving transcription of DNA to mRNA and translation of mRNA to amino acids chains.

Neurons

The basic working units of the brain, specialized cells that transmit nerve impulses.