Multiple Choice
Answer the question on the basis of the following data: Refer to the given data.If the prices of labor and capital are $9 and $15 respectively,the profit-maximizing firm will hire:
A) 5 units of labor and 3 of capital.
B) 5 units of labor and 2 of capital.
C) 4 units of labor and 4 of capital.
D) 3 units of labor and 4 of capital.
Correct Answer:

Verified
Correct Answer:
Verified
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