Refer to the given data. Assuming the prices of resources a and b are $5 and $8 respectively, when the firm hires the profit-maximizing combination of resources, its economic profit will be:
Answer the question on the basis of the following marginal product data for resources a and b. The output of these independent resources sells in a purely competitive market at $1 per unit.
A. $170.
B. $76.
C. $145.
D. $138.
A. $170.
Economics
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A) increase net exports. B) increase investment spending. C) decrease consumption spending. D) increase government spending.
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The sales of shoes that include shoelaces is a tie-in sale that most likely
A) greatly increases the shoe producer's profit. B) increases transactions costs. C) increases efficiency. D) None of the above.
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