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,when the firm hires the profit-maximizing combination of resources,its economic profit will be:
A) $170.
B) $76.
C) $145.
D) $138.
Correct Answer:

Verified
Correct Answer:
Verified
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