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A firm has a short-run cost function c(y) = 3y+ 14 for y> 0 and c(0) = 5. The firm's quasi-fixed costs are

Select one:

a. $10.

b. They are not possible to determine from this information.

c. $4.

d. $9.

e. $14

The Bangles Co. operates in a competitive industry and has the long-run cost function C(Q) = 4Q² + 196. In the long run, it will supply a positive amount of output, so long as the price is greater than

Select one:

a.$28.

b.$112.

c.$61.

d.$56.

e.$120

Patty Petunia has variable costs equal to y²/F, where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. Patty has signed a lease for a shop with 200 square feet. If she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $6 per unit, how many bouquets per month should she sell in the short run?

Select one:

a.600

b.660

c.200

d.100

e.900