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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Definitions:

Pressure Ulcer

A localized injury to the skin and/or underlying tissue, typically over a bony area, as a result of pressure or pressure in combination with shear and/or friction.

Dressing

A sterile pad or compress applied to a wound to promote healing and protect the area from further harm.

Analgesic Medications

Drugs designed to relieve pain without causing the loss of consciousness.

Sterile Gloves

Medical gloves that have been treated to be free from all microorganisms, used to prevent contamination during medical procedures and surgeries.