Assume that a purely competitive firm uses two resources, labor (L) and capital (C), to produce a product. In which situation would the firm be maximizing profit? $\begin{array}{|c|c|c|c|c|}
\hline & \text { MRPL } & \text { MRPC } & \text { PL } & \text { PC } \
\hline \text { A } & 20 & 40 & 60 & 80 \
\hline \mathrm{B} & 20 & 40 & 20 & 40 \
\hline \mathrm{C} & 30 & 30 & 20 & 20 \
\hline \mathrm{D} & 60 & 80 & 20 & 10 \
\hline
\end{array}$
A) A
B) B
C) C
D) D

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The Answer of Assume that a purely competitive firm uses two resources, labor (L) and capital (C), to produce a product. In which situation would the firm be maximizing profit? $\begin{array}{|c|c|c|c|c|}
\hline & \text { MRPL } & \text { MRPC } & \text { PL } & \text { PC } \
\hline \text { A } & 20 & 40 & 60 & 80 \
\hline \mathrm{B} & 20 & 40 & 20 & 40 \
\hline \mathrm{C} & 30 & 30 & 20 & 20 \
\hline \mathrm{D} & 60 & 80 & 20 & 10 \
\hline
\end{array}$
A) A
B) B
C) C
D) D

Assume That a Purely Competitive Firm Uses Two Resources, Labor