Saved Help Save&Exit Submit Assume that a business firm finds that its profit is greatest when it produces $42 worth of product A.Suppose also that each of 4 the three techniques shown in the table below will produce the desired output. Resource Units Required Price per Unit of Resource Resource Technique 1 Technique 2 Technique 3 10 Labor $2 5 2 3 points Land 4 2 4 2 Capital 2 2 4 5 00:37:43 Entrepreneurial ability 2 4 4 a.With the resource prices shown,which technique will the firm choose? Technique 2 eBook Why? References O This technigue represents the least-cost combination This technigue uses the most labor This technigue uses the least capital Will production using that technique result in profit or loss? Profit A What will be the amount of that profit or loss? Will the industry expand or contract?