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A Firm Has the Short-Run Total Cost Function C(y)= 4y2

Question 52

Multiple Choice

A firm has the short-run total cost function c(y) = 4y2 + 100.At what quantity of output is short-run average cost minimized?

A) 5
B) 2
C) 25
D) 0.40
E) None of the above.

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