Answer the Question on the Basis of the Following Data

question 46

Multiple Choice

Answer the question on the basis of the following data: $\begin{array}{cccccc}Quantity &MP of& MRP of &\text{Quantity of}& MP of &MRP of\\of Labor& Labor& Labor& Capital &Capital &Capital\\\hline1 & 15 & \$ 45 & 1 & 8 & \$ 24 \\2 & 12 & 36 & 2 & 6 & 18 \\3 & 9 & 27 & 3 & 5 & 15 \\4 & 6 & 18 & 4 & 4 & 12 \\5 & 3 & 9 & 5 & 3 & 9 \\6 & 1 & 3 & 6 & 2 & 6\end{array}$ Refer to the given data.If the prices of labor and capital are $9 and $15 respectively,and labor and capital are the only inputs,the firm's economic profits will be:

• A) $102.
• B) $82.
• C) $67.
• D) $28.

Analyze alternative investment or replacement options for assets.

Calculate optimal production or sales mix under constraints.

Assess special order decisions, including profitability and impact on normal operations.

Evaluate make or buy decisions based on cost analysis and other relevant factors.