Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. Figure 7.9
-Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is
A) $6.
B) $40.
C) $240.
D) indeterminate from this information.

Question

Refer to the information provided in Figure 7.9 below to answer the question(s) that follow.  Figure 7.9
-Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is
A) $6. 
B) $40. 
C) $240. 
D) indeterminate from this information.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 7.9 below to answer the question(s) that follow.  Figure 7.9
-Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is
A) $6. 
B) $40. 
C) $240. 
D) indeterminate from this information.

Refer to the Information Provided in Figure 7