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To maximize profit, the firm must equate the Question 12 options: value of marginal product to the factor price marginal cost of the factor to
To maximize profit, the firm must equate the Question 12 options: value of marginal product to the factor price marginal cost of the factor to the marginal product of the factor marginal factor cost to the price of the output
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
1st edition
978-0137036059, 133379094, 321566440, 137036051, 9780133379099, 978-0321566447
