(Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is:
A) 1.5.
B) 4.0.
C) 0.67.
D) 0.50.

Name: (Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is: A) 1.5. B) 4.0. C) 0.67. D) 0.50.
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Question

(Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is: 
A) 1.5. 
B) 4.0. 
C) 0.67. 
D) 0.50.

Quizplus · Accepted Answer

The Answer of (Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is: 
A) 1.5. 
B) 4.0. 
C) 0.67. 
D) 0.50.

(Figure: Capital and Labor VII) Based on the Isocost Line