The figure below shows the isocost lines facing a firm producing golf tees.
FIGURE 8- 5 $$55$$
-Refer to Figure 8- 5.Given the information provided about the isocost lines,we know that the per unit price of capital is _ and the per unit price of labour is _ .
A)$50; $20
B)$2; $5
C)$20; $50
D)$5; $2
E)not determinable; not determinable

Question

The figure below shows the isocost lines facing a firm producing golf tees.
  FIGURE 8- 5  $$55$$
-Refer to Figure 8- 5.Given the information provided about the isocost lines,we know that the per unit price of capital is _ and the per unit price of labour is _ .
A)$50; $20 
B)$2; $5 
C)$20; $50 
D)$5; $2 
E)not determinable; not determinable

Quizplus · Accepted Answer

The Answer of The figure below shows the isocost lines facing a firm producing golf tees.
  FIGURE 8- 5  $$55$$
-Refer to Figure 8- 5.Given the information provided about the isocost lines,we know that the per unit price of capital is _ and the per unit price of labour is _ .
A)$50; $20 
B)$2; $5 
C)$20; $50 
D)$5; $2 
E)not determinable; not determinable

The Figure Below Shows the Isocost Lines Facing a Firm 555555

The Figure Below Shows the Isocost Lines Facing a Firm $55$