Multiple Choice
Answer the question on the basis of the following marginal product data for resources a and b.The output of these independent resources sells in a purely competitive market at $1 per unit. Refer to the given data.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.
Correct Answer:

Verified
Correct Answer:
Verified
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