In the Long Run, a Profit- Maximizing Firm Producing a Given

Multiple Choice

In the long run, a profit- maximizing firm producing a given level of output chooses the production method that

A) maximizes the marginal product of labour.
B) produces that output at the lowest possible cost.
C) maximizes the marginal product of all factors.
D) leads to a flat total cost curve.
E) minimizes labour input.