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22 (1 point) Businesses choose from several production processes by: producing a given level of output with a process that minimizes costs selecting the most
22 (1 point) Businesses choose from several production processes by: producing a given level of output with a process that minimizes costs selecting the most efficient process of production given the price of each unit of output using a balanced mix of inputs choosing to be capital-intensive at all times choosing to be labour-intensive at all times
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
