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

Ask EduPadi AI...

Correct Option: A

No responses