106. Refer to the above data. Assuming the prices of resources and are $5 and $8 a b respectively, what is the least costly combination of resources for the firm to employ in producing 192 units of output? A. 2 of and 6 of a b B. 6 of and 2 of a b C. 4 of and 3 of a b D. 3 of and 4 of a b 107. Refer to the above data. Assuming the prices of resources and are $5 and $8 a b respectively, what is the profit-maximizing combination of resources? A. 7 of and 7 of a b B. 6 of and 4 of a b C. 5 of and 7 of a b D. 4 of and 4 of a b 108. Refer to the above data. Assuming the prices of resources and are $5 and $8 a b respectively, when the firm hires the profit-maximizing combination of resources, its economic profit will be: A. $170. B. $76. C. $145. D. $138. 109. Refer to the above data. Assume now that the prices of and are $15 and $20 a b respectively. To maximize profits what combination of and should the employer hire? a b A. 3 of and 5 of a b B. 5 of and 7 of a b C. 7 of and 7 of a b D. 6 of and 2 of a b
106. Refer to the above data. Assuming the prices of resources a and b are $5 and $8 respectively, what is the least costly combination of resources for the firm to employ in producing 192 units of output? A. 2 of a and 6 of b B. 6 of a and 2 of b C. 4 of a and 3 of b D. 3 of a and 4 of b 107. Refer to the above data. Assuming the prices of resources a and b are $5 and $8 respectively, what is the profit-maximizing combination of resources? A. 7 of a and 7 of b B. 6 of a and 4 of b C. 5 of a and 7 of b D. 4 of a and 4 of b 108. Refer to the above data. Assuming the prices of resources a and b are $5 and $8 respectively, when the firm hires the profit-maximizing combination of resources, its economic profit will be: A. $170. B. $76. C. $145. D. $138. 109. Refer to the above data. Assume now that the prices of a and b are $15 and $20 respectively. To maximize profits what combination of a and b should the employer hire? A. 3 of a and 5 of b B. 5 of a and 7 of b C. 7 of a and 7 of b D. 6 of a and 2 of b