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The Table Gives Marginal Product Data for Resources a and B

Question 73

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 $5 and $8 respectively, what is the least costly combination of resources for the firm to employ in producing 192 units of output? A) 2 of a and 6 of b B) 6 of a and 2 of b C) 4 of a and 3 of b D) 3 of a and 4 of b 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 $5 and $8 respectively, what is the least costly combination of resources for the firm to employ in producing 192 units of output?


A) 2 of a and 6 of b
B) 6 of a and 2 of b
C) 4 of a and 3 of b
D) 3 of a and 4 of b

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