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
Explanation
Correct Option
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GenEmenike
9 years ago
Myschool the answer is (B)..
Maximum output deals with Utility maximazation..
And the formular is=MPx=MPy/Px=Py
Thanks
