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When a Firm Maximizes Output for a Given Cost, Which

Question 121

Multiple Choice

When a firm maximizes output for a given cost, which of the following is true?

A) MP₁/P₁ = MP₂/P₂
B) P₁/MP₁ > MP₂/P₂
C) MP₁/P₂ = MP₂/P₁
D) MP₁/P₁ > MP₂/P₂

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