Economy, asked by Ruparam1991, 5 months ago

The firm can maximise its profit by choosing at least cost combination of factors.discuss

Answers

Answered by ydudhst

Explanation:

In the theory of production, the profit maximisation firm is in equilibrium when, given the cost-price function, it maximises its profits on the basis of the least cost combination of factors. For this, it will choose that combination which minimizes its cost of production for a given output.

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