The Table Gives Marginal Product Data for Resources a and B

question 283

Multiple Choice

The table gives marginal product data for resources a and b. The output of these independent resources sells in a purely competitive market at $1 per unit. 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 238 units of output?

• A)3 of a and 7 of b
• B)7 of a and 5 of b
• C)6 of a and 4 of b
• D)4 of a and 6 of b

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