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Businesses choose between several different possible production processes by ... Choosing to be labour-intensive at all times Using a balanced mix of inputs Choosing to

Businesses choose between several different possible production processes by ...

Choosing to be labour-intensive at all times

Using a balanced mix of inputs

Choosing to be capital-intensive at all times

Selecting the most efficient process of production given the price of each unit of output

producing a given level of output with a process that minimizes costs

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