A Firm Has the Long-Run Cost Function C(Q) = 4Q2

question 36

Multiple Choice

A firm has the long-run cost function C(Q) = 4Q2 + 64.In the long run, it will supply a positive amount of output, so long as the price is greater than

• A) $64.
• B) $72.
• C) $16.
• D) $32.
• E) $37.

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Definitions:

Therapeutic Radiation

Used in the treatment of cancer by preventing cellular reproduction.

Treatment

The management and care of a patient or the combating of disease or disorder.

Cancer

A broad group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body.

Invasive Ultrasound

A diagnostic technique involving the use of ultrasound probes inserted into the body to visualize internal structures.