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The Firm's Profit Maximization Problem Is:
A) Max π\pi = F(r, W)- RK -WL
{R, W}

Question 20

Multiple Choice

The firm's profit maximization problem is:


A) max π\pi = F(r, w) - rK -wL
{r, w}.
B) max π\pi = rK + wL - F(K, L)
{K, L}.
C) max π\pi = F(K, L) - rK - wL
{r, w}.
D) max π\pi = F(K, L) - rK - wL
{K, L}.
E) All of these answers are correct.

Correct Answer:

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