In the Long Run, a Profit- Maximizing Firm Produces Any

Multiple Choice

In the long run, a profit- maximizing firm produces any given level of output by choosing the production method that

A) equates the average cost per unit of all factors.
B) equates the marginal product of all factors.
C) produces that output at the lowest possible cost.
D) is associated with a flat total cost curve.
E) maximizes the marginal product of all factors.