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1) In which of the following situations are inputs chosen to optimally produce a given level of output? MPL = 25, MP = 50, w

1) In which of the following situations are inputs chosen to optimally produce a given level of output?

MPL = 25, MP = 50, w = $10, r = $32

MPL = 25, MP = 50, w = $32, r = $25

MPL = 50, MP = 25, w = $16, r = $32

MPL = 40, MP = 60, w = $20, r = $30

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