If MPa/Pa = MPb/Pb and MRPa/Pa = MRPb/Pb > 1,this firm is:
A) producing its output with the least costly combination of resources but is not producing the profit-maximizing output.
B) maximizing profits but failing to minimize costs.
C) neither maximizing profits nor minimizing costs.
D) combining resources a and b so as to minimize costs and maximize profits.
Correct Answer:
Verified
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