-Refer to the table above. If A = 5, B = 7.5, and C = 20, which of the following is true?
A) The firm should buy more of Input 1 and less of Inputs 2 and 3.
B) The firm should buy more of Input 2 and less of Inputs 1 and 3.
C) The firm should buy more of Input 3 and less of Inputs 1 and 2.
D) The firm is minimizing costs.
Correct Answer:
Verified
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