A Competitive Firm Has the Short-Run Cost Function C(y)= 2y3

question 6

Multiple Choice

A competitive firm has the short-run cost function c(y) = 2y3 - 16y2 + 64y + 50.The firm will produce a positive amount in the short run if and only if the price is greater than

• A)$16.
• B)$64.
• C)$32.
• D)$35.
• E)$31.

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