A Competitive Firm Has the Short-Run Cost Function C(y)= 2y3

question 47

Multiple Choice

A competitive firm has the short-run cost function c(y) = 2y3 - 16y2 + 64y + 50. The firm will produce a positive amount in the short run if and only if the price is greater than

• A) $16.
• B) $64.
• C) $32.
• D) $35.
• E) $31.

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