The marginal product differs depending on how much of each resource is used per dollar. The correct answer is option (b).
Profit maximization in economics refers to the short- or long-term process through which a business chooses the prices, input levels, and output levels that would provide the largest feasible total profit.
Profit maximization is a procedure that businesses go through to make sure the optimal levels of output and prices are realised in order to maximise their profits. In order to meet its profit goals, the corporation alters crucial factors including discount, manufacturing costs, and output levels. the practise of setting prices with the intention of maximizing revenue, profitability, or investment return in the short- to medium-term without taking a longer performance into account.
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