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 profit-maximizing combination of resources?
A) 7 of a and 7 of b.
B) 6 of a and 4 of b.
C) 5 of a and 7 of b.
D) 4 of a and 4 of b.
Correct Answer:

Verified
Correct Answer:
Verified
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