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Cwds613 Cwds613
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A year ago
A firm operates at its least-cost position for a given level of output by equating

▸ the price of each input.

▸ the average product for each factor.

▸ the marginal product of each factor.

▸ the total expenditure on each input.

▸ the marginal product per dollar spent for each factor.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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MariannaGMariannaG
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A year ago
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