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

question 7

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.

---

Definitions:

Political

Relating to the government or public affairs of a country.

Social Ladder

The hierarchical structure within a society, where individuals or groups are ranked according to status or authority.

Social Variables

Social variables are factors that represent characteristics of societies, communities, or individuals, such as age, gender, income level, and educational background, which can influence behaviors and outcomes.