A Firm Has the Long-Run Cost Function C(q)= 3q2

question 32

Multiple Choice

A firm has the long-run cost function C(q) = 3q2 + 27.In the long run, it will supply a positive amount of output, so long as the price is greater than

• A)$36.
• B)$44.
• C)$9.
• D)$18.
• E)$23.

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Definitions:

Cognitive Development

The study and observation of how intelligence, reasoning, language development, and information processing evolve from childhood through adulthood.

Secondary Socialization

Socialization outside the family after childhood.

Outside Of The Family

Refers to influences, experiences, or interactions occurring beyond the immediate family environment.

Sensorimotor Stage

The first of Piaget's four stages of cognitive development, occurring from birth to around two years of age, where infants learn about the world through sensory experiences and manipulating objects.