When a firm maximizes output for a given cost, which of the following is true?
A) MP₁/P₁ = MP₂/P₂
B) P₁/MP₁ > MP₂/P₂
C) MP₁/P₂ = MP₂/P₁
D) MP₁/P₁ > MP₂/P₂
Correct Answer:
Verified
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