A firms cost minimizing production decisions are made byy

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    understanding the firms input-output function (production technology) and the input prices the firms faces, and then deciding how much of each input to use for a given level of output..
     understanding the firms input-output function (production technology) and the selling prices the firms faces, and then deciding how much of each input to use to produce a given output level..
     knowing the firms selling price and the input prices the firms faces, and then deciding how much of each input to use for a given level of output..
     understanding the firms input prices and selling prices, and then deciding how much of each input to use for a given level of output..
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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understanding the firms input-output function (production technology) and the input prices the firms faces, and then deciding how much of each input to use for a given level of output..
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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