Step 1: Set up the balance.
Wire $B$ above carries current $2I$ in the same direction as wire $A$ on the floor. Parallel currents in the same direction attract, so $B$ pulls $A$ upward. For $A$ to just stay down, this magnetic pull must balance $A$'s weight per unit length.
Step 2: Write the force per unit length.
Between parallel wires, $\dfrac{F}{L} = \dfrac{\mu_0 I_1 I_2}{2\pi h}$.
Step 3: Substitute the currents.
With $I_1 = I$ and $I_2 = 2I$: $\dfrac{F}{L} = \dfrac{\mu_0 (I)(2I)}{2\pi h} = \dfrac{\mu_0 I^2}{\pi h}$.
Step 4: Apply the limiting condition.
At the minimum height, the upward magnetic force per length equals the weight per length $\lambda g$: $\dfrac{\mu_0 I^2}{\pi h} = \lambda g$.
Step 5: Solve for h.
Rearranging, $h = \dfrac{\mu_0 I^2}{\pi \lambda g}$.
Step 6: Choose the option.
This is the minimum height and matches option C.
\[ \boxed{ h = \frac{\mu_0 I^2}{\pi \lambda g} } \]