Question
2.Consider an industry in which the production technology yields the cost function C(Q)=1800+(3Q) 2 . Which of the following statements is correct? If Q <10,
2.Consider an industry in which the production technology yields the cost function C(Q)=1800+(3Q)2.
Which of the following statements is correct?
If Q<10, the cost function is sub-additive.
If Q<20, the cost function is sub-additive.
If Q<20, the cost function is sub-additive.
The cost function is sub-additive for all Q>0.
None of the above.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
