The table summarises the firm’s current position in a perfectly competitive industry. factor X marginal physical product 2 factor price $5.00; factor Y marginal physical product 4 factor price $10.00 If the firm sells its product at $3 and wants to maximise profits, which factor should it employ?
- Amore of both X and Y
- Bmore of X and less of Y
- Cmore of Y and less of X
- Dless of both X and Y