question 12

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 $2 and $3, respectively 4 1 4 Production Techniques 2 a 3 2 3 5 5 Labor Capital 2 1 If the price of product is $0.50, and the firm is producing efficiently the firm will realize O O Economic profit of $5. O Economic loss of $8. O O Economic profit of $8 Economic profit of $18. Economic profit of $10