The quantity of an input such as machines or workers which, Ask an Expert

Economics

The quantity of an input, such as machines or workers, which maximizes profit is the quantity for which

A. The value of the marginal product of the input is equal to the price of the input

B. The value of the average product of the input is equal to the price of the input

C. The marginal product of the input is equal to the price of the input

D. The average product of the input is equal to the price of the input

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91368142

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