A Firm Has the Long-Run Cost Function C(q)= 7q2

question 21

Multiple Choice

A firm has the long-run cost function C(q) = 7q2 + 175.In the long run, it will supply a positive amount of output, so long as the price is greater than

• A)$70.
• B)$148.
• C)$35.
• D)$140.
• E)$75.

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