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

question 15

Multiple Choice

A firm has a long-run cost function, C(q) = 3q² + 108.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

• A)$72.
• B)$80.
• C)$36.
• D)$18.
• E)$41.

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Definitions:

Responsibilities

The state or fact of having a duty to deal with something or of having control over someone.

Feeding

The act of supplying food to individuals or organisms for growth, health, and survival.

Negative Emotions

Feelings that are generally unpleasant or undesirable, such as sadness, anger, fear, or jealousy.

Anxiety

Anxiety is a mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.