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The Table Gives Marginal Product Data for Resources a and B

Question 272

Multiple Choice

  The table gives marginal product data for resources a and b. The output of these independent resources sells in a purely competitive market at $1 per unit. Assuming the prices of resources a and b are $10 and $20 respectively, when the firm hires the profit-maximizing combination of resources, its economic profit will be A) $140. B) $222. C) $117. D) $82. The table gives marginal product data for resources a and b. The output of these independent resources sells in a purely competitive market at $1 per unit. Assuming the prices of resources a and b are $10 and $20 respectively, when the firm hires the profit-maximizing combination of resources, its economic profit will be


A) $140.
B) $222.
C) $117.
D) $82.

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