A Firm Has a Long-Run Cost Function, C(q) = 8q²

question 5

Multiple Choice

A firm has a long-run cost function, C(q) = 8q² + 72. In the long run, this firm will supply a positive amount of output, as long as the price is greater than

• A) $48.
• B) $104.
• C) $96.
• D) $24.
• E) $53.

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Definitions:

Reticular Activating System

A network of neurons located in the brainstem that plays a crucial role in controlling arousal and alertness levels.

REM Sleep

A stage of sleep characterized by rapid eye movements, vivid dreaming, and increased brain activity.

Pons

A part of the brainstem that links the medulla oblongata and the thalamus, playing a crucial role in controlling breathing, communication between different parts of the brain, and sensations such as hearing and taste.

REM Sleep

A stage of sleep characterized by rapid eye movements, more vivid dreams, and increased brain activity similar to being awake.