In Order to Maximize Profit,a Firm Producing Two Goods That

question 39

Multiple Choice

In order to maximize profit,a firm producing two goods that are related in consumption should choose the levels of output at which

• A)total marginal revenue equals total marginal cost.
• B)total marginal revenue equals the marginal cost of each good.
• C)the marginal revenue of each good equals total marginal cost.
• D)marginal revenue equals marginal cost for each good simultaneously.

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