Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Justice In A Global Economy Strategies For Home, Community, And World

Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers

1st Edition

0664229557, 9780664229559

More Books

Students also viewed these Economics questions

Question

How do economists try to disentangle cause and effect? Discuss.

Answered: 1 week ago

Question

Why was the phi phenomenon so important to Wertheimer?

Answered: 1 week ago

Question

Define self-esteem and discuss its impact on your life.

Answered: 1 week ago

Question

Discuss how selfesteem is developed.

Answered: 1 week ago