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

Question 21

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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