Inputs of a MP Inputs of b MP 25 1 40 36 32 24 20 16 8

Last updated: 10/16/2023

Inputs of a MP Inputs of b MP 25 1 40 36 32 24 20 16 8 1234567 20 2 15 3 10 4 5 5 5 26 17 The table gives marginal product data for resources a and b The output of these independent resources sells in a pu competitive market at 1 per unit Assuming the prices of resources a and b are 5 and 8 respectively what is the maximizing combination of resources O 7 of a and 7 of b O 5 of a and 7 of b