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    Microeconomics Principles and Policy Study Set 2
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    Exam 7: Production, Inputs, and Cost: Building Blocks for Supply Analysis
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    "Optimal Input Curve Analysis Is Useless
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"Optimal Input Curve Analysis Is Useless

Question 195

Question 195

Essay

"Optimal input curve analysis is useless. Since firms never know the demand for their product with certainty, they will rarely operate at the optimal input combination." Agree or disagree?

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Disagree. Optimal input analysis is a gu...

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