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    Intermediate Microeconomics Study Set 1
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    Exam 21: Firm Supply-Part A
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    A Firm Has the Long-Run Cost Function C(q)= 6q2
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A Firm Has the Long-Run Cost Function C(q)= 6q2

Question 13

Question 13

Multiple Choice

A firm has the long-run cost function C(q) = 6q2 + 486.In the long run, it will supply a positive amount of output, so long as the price is greater than


A) $216.
B) $54.
C) $224.
D) $108.
E) $113.

Correct Answer:

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