Multiple Choice
Janet's poodle grooming salon has a total cost curve expressed by the equation TC = 100 + 3Q₂, where Q is the quantity of dogs groomed.Given this expression, Janet is operating in the:
A) long run.
B) short run, and her fixed costs are equal to $100.
C) long run, and her fixed costs are equal to $100.
D) short run, and there are no fixed costs.
Correct Answer:
Verified
Correct Answer:
Verified
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