A Firm Has a Long-Run Cost Function, C(q) = 4q²

question 11

Multiple Choice

A firm has a long-run cost function, C(q) = 4q² + 4. In the long run, this firm will supply a positive amount of output, as long as the price is greater than

• A) $8.
• B) $4.
• C) $24.
• D) $16.
• E) $13.

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Definitions:

Anhedonia

The incapacity to experience enjoyment in activities that typically bring pleasure.

Avolition

A lack of motivation or inability to initiate and persist in goal-directed activities, often associated with psychiatric conditions.

Alogia

A symptom commonly observed in schizophrenia, characterized by a poverty of speech or lack of content in conversation.

Aphasia

A condition that impairs a person's ability to process language, affecting speaking, understanding, reading, or writing.