14. One of the key decisions that all firms must make is which technology to use. Profit-maximizing...
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14. One of the key decisions that all firms must make is which technology to use. Profit-maximizing firms will choose the combination of inputs that minimizes costs of producing any given level of output and therefore maximizes profits.
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Principles Of Microeconomics
ISBN: 9780691150093
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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