NAIMMCQ Microeconomics Mr. O Carr has the cost function c(y) =y^2 + 64 if his output, y, is positive and c(0). If the price of output is 12, Mr. Carr's profit maximizing output is zero.

Mr. O Carr has the cost function c(y) =y^2 + 64 if his output, y, is positive and c(0). If the price of output is 12, Mr. Carr's profit maximizing output is zero.

Microeconomics

Mr. O Carr has the cost function c(y) =y^2 + 64 if his output, y, is positive and c(0). If the price of output is 12, Mr. Carr's profit maximizing output is zero.

Answer: True

NAIMMCQ

Mr. O Carr has the cost function c(y) =y^2 + 64 if his output, y, is positive and c(0). If the price of output is 12, Mr. Carr's profit maximizing output is zero.

Mr. O Carr has the cost function c(y) =y^2 + 64 if his output, y, is positive and c(0). If the price of output is 12, Mr. Carr's profit maximizing output is zero.

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