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A Firm Is Producing with the Least-Cost Combination of Resources

Question 168

Multiple Choice

A firm is producing with the least-cost combination of resources when the


A) last dollar spent on each resource yields the same marginal product.
B) total dollars spent on each resource are all the same.
C) unit prices of the resources are equalized.
D) marginal product of each of the resources is all the same.

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