Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, the profit-maximizing firm will hire
A)5 units of labor and 3 of capital.
B)5 units of labor and 2 of capital.
C)4 units of labor and 4 of capital.
D)3 units of labor and 4 of capital.

Question

Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, the profit-maximizing firm will hire
A)5 units of labor and 3 of capital. 
B)5 units of labor and 2 of capital. 
C)4 units of labor and 4 of capital. 
D)3 units of labor and 4 of capital.

Quizplus · Accepted Answer

The Answer of  Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, the profit-maximizing firm will hire
A)5 units of labor and 3 of capital. 
B)5 units of labor and 2 of capital. 
C)4 units of labor and 4 of capital. 
D)3 units of labor and 4 of capital.

Refer to the Given Data