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  3. Study Set
    Microeconomics
  4. Exam
    Exam 12: Production With Multiple Inputs
  5. Question
    Assuming an Interior Solution, a Production Plan Is Profit Maximizing
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Assuming an Interior Solution, a Production Plan Is Profit Maximizing

Question 6

Question 6

True/False

Assuming an interior solution, a production plan is profit maximizing if and only if all marginal revenue products are equal to input prices.

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