Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1991
Question no.
#0
Type
Objective

More from this paper

See all Economics 1991 questions