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A firm has the long-run cost function CQ) = 4Q + 64.In the long run, it will supply a positive amount of output, so long as the price is greater than $64. b. $72. a.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.3: Production

Problem 1ST

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Question

A firm has the long-run cost function (Q) = 4Q +
64.In the long run, it will supply a positive amount
of output, so long as the price is greater than
а.
$64.
b. $72.
С.
$16.
d. $32.
$37.
е.

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