The Table Gives Marginal Product Data for Resources a and B

question 248

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 $10 and $20 respectively, what is the profit-maximizing combination of resources?

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

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Definitions:

Phytochromes

A type of photoreceptor in plants that absorbs light to regulate growth, development, and flowering in response to environmental conditions.

Nonphotosynthetic

Organisms or cells that do not have the ability to convert light energy into chemical energy through photosynthesis.

Pigments

Substances that give color to tissues, cells, and materials by absorbing certain wavelengths of light and reflecting others.

Extracellular

Located or occurring outside a cell or cells, often referring to substances or fluids in the spaces between cells.