1) maximize production subject to a total expenditures constraint 2) maximize the cost of producing a given level of out
Posted: Sun May 29, 2022 7:01 pm
1) maximize production subject to a total expenditures constraint
2) maximize the cost of producing a given level of output
3) maximize total profits (faces no costs or outputs constraints)
2) maximize the cost of producing a given level of output
3) maximize total profits (faces no costs or outputs constraints)