In Order to Maximize Profit,a Firm That Produces Its Output

question 70

Multiple Choice

In order to maximize profit,a firm that produces its output in two plants will allocate total output between the two plants so that

• A)marginal cost is equal for the two plants.
• B)marginal revenue is equal for the two plants.
• C)marginal cost for the firm is equal to the sum of the plants' marginal revenue.
• D)both a and b
• E)all of the above

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Definitions:

Top Manager

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