1 A Firm Has A Long Run Cost Function C Y 8y2 72 If Y 0 And 0 Otherwise In The

(1) A firm has a long-run cost function, C(y) = 8y2 +72 if y > 0 and 0 otherwise. In the long run, what is the price above which this firm will supply a positive amount of output?(2) A firm has a long-run cost function, C(y) = 3y2 + 108 if y > 0 and 0 otherwise. In the long run, what is the price above which this firm will supply a positive amount of output?

(1) A firm has a long-run cost function, C(y) = 8y2 +72 if y > 0 and 0 otherwise. In the longrun, what is the price above which this firm will supply a positive amount of output?In the long…

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