Home › Bihar Board Class 12 (Arts) › Economics › Producer Behaviour and Supply › Given input prices, which input mix will a firm …
Given input prices, which input mix will a firm choose?
AThe costliest one
BThe cheapest one
CMost labour-using one
DMost capital-using one
Answer & Solution
Correct answer: B. The cheapest one
A profit-seeking firm minimises the cost of producing the output it wants.
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