Question: A firm has the long-run cost function C(q) = 3q2 + 27. In the long run, it will supply a positive amount of output, so

A firm has the long-run cost function C(q) = 3q2 + 27. In the long run, it will supply a positive amount of output, so long as the price is greater than

a.$36.

b.$44.

c.$9.

d.$18.

e.$23.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!