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jtfortwengler jtfortwengler
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A year ago
In the long run, a profit-maximizing firm produces any given level of output by choosing the production method that

▸ is associated with a flat total cost curve.

▸ produces that output at the lowest possible cost.

▸ equates the average cost per unit of all factors.

▸ maximizes the marginal product of all factors.

▸ equates the marginal product of all factors.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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shalashashalasha
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A year ago
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jtfortwengler Author
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A year ago
Brilliant ツ
jaray75
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This calls for a celebration Person Raising Both Hands in Celebration
jbag1237
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Thank you, thank you, thank you!
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