Question: 2 Answer the question based on the following information Suppose 10 units of product A can be produced by employing just labor and capital in

2 Answer the question based on the following information Suppose 10 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are 52 and $3.respectively Production Techniques 1 2 3 4 4 3 2 5 2 3 5 1 Labor Capital if the price of product A $100, and the firm is producing efficiently the firm will realize Mutiple Choice Economic profit of 523 Economic loss of $13. Economic loss of 3 Economic profit of $10 Economic profit of $3
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