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

question 21

Multiple Choice

A firm 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

• A) $120.
• B) $112.
• C) $56.
• D) $28.
• E) $61.