A firm has a short-run cost function c(y) = 3y + 14 for y 0 and c(0) = 10. The firm's quasi-fixed costs are
A) $10.
B) $4.
C) $9.
D) $14.
E) They are not possible to determine from this information.

Question

A firm has a short-run cost function c(y) = 3y + 14 for y > 0 and c(0) = 10. The firm's quasi-fixed costs are
A) $10.
B) $4.
C) $9.
D) $14.
E) They are not possible to determine from this information.

Quizplus · Accepted Answer

The Answer of A firm has a short-run cost function c(y) = 3y + 14 for y > 0 and c(0) = 10. The firm's quasi-fixed costs are
A) $10.
B) $4.
C) $9.
D) $14.
E) They are not possible to determine from this information.

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