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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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