In combining inputs x and y the entrepreneur ob... - JAMB Economics 1991 Question
In combining inputs x and y, the entrepreneur obtains the maximum output from a given money outlay when
A
\( \begin{matrix} P_ x = P _ y \ MP _ x = MP _ y \end{matrix} \)
B
\(\begin{matrix} MP _ x = P _ x \ MP _ y = P _ y \end{matrix}\)
C
P x. MP x = P y. MP y
D
P x P y = MP x. MP y
correct option: a
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