In order to minimize the cost of producing a given level of output, a firm manag

ID: 1098320 • Letter: I

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In order to minimize the cost of producing a given level of output, a firm manager should use more inputs when: Select one: a. The price of other inputs fall. b. Its price rises. c. Its price falls. d. Its price remains the same. In order to minimize the cost of producing a given level of output, a firm manager should use more inputs when: Select one: a. The price of other inputs fall. b. Its price rises. c. Its price falls. d. Its price remains the same. Select one: a. The price of other inputs fall. b. Its price rises. c. Its price falls. d. Its price remains the same. a. The price of other inputs fall. b. Its price rises. c. Its price falls. d. Its price remains the same.

Explanation / Answer

c. Its price falls.

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In order to minimize the cost of producing a given level of output, a firm manag

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