The Rule of Cost Minimization Indicates That a Firm Should

question 76

Multiple Choice

The rule of cost minimization indicates that a firm should:

• A)employ inputs so as to maximize output.
• B)employ inputs such that the marginal product per dollar spent is equal for all inputs.
• C)minimize total costs.
• D)minimize marginal costs.

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Definitions:

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Dreamer

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Rosalind Cartwright

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