Multiple Choice
When a profit-maximizing firm undertakes production in more than one plant, it will allocate a fixed level of inputs such that _____ is equal across plants.
A) the total product
B) the marginal cost of production
C) the marginal product
D) the average product
E) Answers the marginal product and the average product are both correct.
Correct Answer:
Verified
Correct Answer:
Verified
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