When a firm has maximized profits,
it has also minimized total costs
.the marginal product of each
input is also maximized
.the marginal physical product is greater than the input price for all inputs.
its marginal cost is zero.
When a firm has maximized profits,
it has also minimized total costs
.the marginal product of each
input is also maximized
.the marginal physical product is greater than the input price for all inputs.
its marginal cost is zero.