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QUESTION
In order to maximize profit, a firm that produces two goods that are related in consumption should chose the
In order to maximize profit, a firm that produces two goods that are related in consumption should chose the
levels of output at which:
total marginal revenue equals total marginal cost
total marginal revenue equals the marginal cost of each good
the marginal revenue of each good equals total marginal cost
marginal revenue equals marginal cost for each good
none of the above
