Multiple Choice
Assume a pencil manufacturer is employing resources C and D in such quantities that the MRPs of the last units hired are $80 and $50, respectively. The price of resource C is $90, and the price of D is $35. This firm
A) should hire less of C and more of D.
B) should hire more of both C and D.
C) should hire less of both C and D.
D) is using the least-cost combination of C and D.
Correct Answer:
Verified
Correct Answer:
Verified
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