A competitive firm has a long-run total cost function c(y)= 5y2 + 1,125 for y 0 and c(0)= 0.Its long-run supply function is described as A)y = p/5 if p 148, y = 0 if p 150, y = 0 if p 153, y = 0 if p 153, y =0 if p 155, y = 0 if p

Question

A competitive firm has a long-run total cost function c(y)= 5y2 + 1,125 for y > 0 and c(0)= 0.Its long-run supply function is described as A)y = p/5 if p > 148, y = 0 if p < 148. B)y = p/10 if p > 150, y = 0 if p < 150. C)y = p/10 if p > 153, y = 0 if p < 153. D)y = p/5 if p > 153, y =0 if p < 165. E)y = p/5 if p > 155, y = 0 if p < 145.

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The Answer of A competitive firm has a long-run total cost function c(y)= 5y2 + 1,125 for y > 0 and c(0)= 0.Its long-run supply function is described as A)y = p/5 if p > 148, y = 0 if p < 148. B)y = p/10 if p > 150, y = 0 if p < 150. C)y = p/10 if p > 153, y = 0 if p < 153. D)y = p/5 if p > 153, y =0 if p < 165. E)y = p/5 if p > 155, y = 0 if p < 145.

A Competitive Firm Has a Long-Run Total Cost Function C(y)=