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A firm's cost function @ Is maximized when solving for the optimal level of output y for the firm. b. Gives the minimum amount of

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A firm's cost function @ Is maximized when solving for the optimal level of output y for the firm. b. Gives the minimum amount of revenue the firm will accept for a given level of output y. C. Is irrelevant when determining the profit for the firm. d. Gives the lowest possible cost of producing given output y

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