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To Determine the Revenue-Maximizing Combination of Outputs to Produce, a Manager

Question 45

Multiple Choice

To determine the revenue-maximizing combination of outputs to produce, a manager must know:


A) the MRPS and the input price ratio
B) the Marginal Rate of Product Substitution (MRPS) and the PPF
C) the Marginal Rate of Product Substitution (MRPS) and the product price ratio
D) the production possibilities frontier and the input prices

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