Assume that a firm can produce $25 of product using either of the three techniques presented the Table. Given the factors prices shown on the table, what technique will be selected by the firm? (hint: remember to obtain the total costs of production with every technique, to choose the one that allows the highest profit) Factor units required Price per Technique Technique Technique Factor unit 1 2 3 Labor $3 2 3 1 Land $6 1 1 1 Capital $4 2 1 2 Technique 3 Technique 1 Technique 2 It cannot be determined