Firm is maximizing output for given level of production cost

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Reference no: EM13691062

A firm is maximizing output for a given level of production costs when:

A) The marginal rate of technical substitution equals the ratio of the factor prices

B) The ratio of the marginal-physical products equals the ratio fo the factor price

C) Both a and B

D) Neither A or B

Reference no: EM13691062

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