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
jamb 1991english-language

The correct answer is A. \( \begin{matrix} P_ x = P _ y \\ MP _ x = MP _ y \end{matrix} \)

No explanation given
Previous question Next question