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

question 9

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.

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Definitions:

Manipulate Objects

The action of handling, controlling, or applying physical operations to objects, exploring their characteristics and the effects of interactions.

Capability

The quality or ability of having the potential or capacity to achieve or accomplish something.

Taste and Smell

Sensory systems responsible for detecting flavors and scents, playing a critical role in human perception and experience.

Vision

Vision refers to the ability to see, the act of envisioning future possibilities, or a mental image of what the future could or should be like.