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When a Firm Seeks to Minimize Costs of Producing a Given

Question 78

Multiple Choice

When a firm seeks to minimize costs of producing a given level of output,it does NOT need to know


A) the cost of the factors of production it uses.
B) its production function.
C) how its costs change as its production methods change.
D) the available alternative methods of production.
E) the level of output that maximizes its profits.

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