A Firm Has the Long-Run Cost Function C(Q)= 4Q2

question 9

Multiple Choice

A firm has the long-run cost function C(Q) = 4Q2 + 196.In the long run, it will supply a positive amount of output, so long as the price is greater than

• A)$120.
• B)$112.
• C)$56.
• D)$28.
• E)$61.

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