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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