Business, 12.12.2019 22:31 asndjsd9397

Assume that an appliance manufacturer is employing variable resources x and y in such amounts that the mrps of the last units of x and y employed are $100 and $60 respectively. resource x can be hired at $50 per unit and resource y at $20 per unit. the firm:

a. should hire more of both x and y
b. should hire more of y and less of x
c. is producing with the least-costly combination of x and y, but could increase its profits by employing more of x and less of y
d. is using the least-cost combination of x and y, but could increase its profits by employing less of both x and y

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Assume that an appliance manufacturer is employing variable resources x and y in such amounts that t...

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