Multiple Choice
In order to maximize profit, a firm that produces its output in two plants will allocate total output between the two plants so that
A) marginal cost is equal for the two plants.
B) marginal cost for the firm is equal to the sum of the plants' marginal costs.
C) marginal revenue for the firm is equal to the sum of the plants' marginal costs.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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