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To maximize profit, the firm must equate the Question 12 options: marginal factor cost to the price of the output marginal cost of the factor
To maximize profit, the firm must equate the Question 12 options: marginal factor cost to the price of the output marginal cost of the factor to the marginal product of the factor value of marginal product to the factor price
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
