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

Multiple Choice

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

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