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:

Data Tab

An area in software applications, particularly in spreadsheet programs, that contains tools and features for managing and analyzing data sets.

Data Tools Group

A set of tools or features in spreadsheet and database software aimed at helping users manage, analyze, and manipulate data.

Solver

A functional tool in software programs, such as Excel, designed to find optimal solutions to complex mathematical models or equations by varying multiple inputs.

Target Cell

In spreadsheet software, a specific cell that is designated for a particular purpose, such as the cell where a formula's result is displayed.