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.

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Definitions:

Moving Soil

Refers to the process of relocating topsoil or substrata from one location to another, often in landscaping and agricultural practices.

Acidic Soil PH

Soil that has a pH level below 7, indicating a higher concentration of hydrogen ions and often requiring adjustment for certain plant growth.

Macronutrient

An essential element required in fairly large amounts for normal growth. Compare with micronutrient.

Calcium

A chemical element with the symbol Ca, essential for living organisms, particularly in cell physiology, where it plays a key role in signal transduction pathways, bone structure, and teeth strength.