The firm's expansion path records:

a. profit-maximizing output choices for every possible price.
b. cost-minimizing input choices for all possible output levels for when input rental rates expand along with production.
c. cost-minimizing input choices for all possible output levels for a fixed set of input prices.
d. cost-minimizing input choices for profit-maximizing output levels.

c

Economics

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According to the Thomas (1954) analysis, American investment in industrial physical capital was

(a) labor-using in upswings of immigration. (b) labor-saving in upswings of immigration. (c) "labor neutral" over the course of immigration. (d) relentlessly labor-saving no matter what.

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