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

Question 10

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.

Correct Answer:

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