In the Long Run,a Profit- Maximizing Firm Producing a Given

question 64

Multiple Choice

In the long run,a profit- maximizing firm producing a given level of output chooses the production method that

• A)leads to a flat total cost curve.
• B)produces that output at the lowest possible cost.
• C)minimizes labour input.
• D)maximizes the marginal product of all factors.
• E)maximizes the marginal product of labour.

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