Use the following to answer questions below:

-Refer to the equilibrium graph. If total cost is $100 at point B, what are the rental price of capital (r) and the wage rate of labor (w)?
A) r = $10 and w = $10
B) r = $20 and w = $10
C) r = $50 and w = $10
D) None of the above is correct

Question

Use the following to answer questions below:
 
-Refer to the equilibrium graph. If total cost is $100 at point B, what are the rental price of capital (r) and the wage rate of labor (w)?
A) r = $10 and w = $10 
B) r = $20 and w = $10 
C) r = $50 and w = $10 
D) None of the above is correct

Quizplus · Accepted Answer

The Answer of Use the following to answer questions below:
 
-Refer to the equilibrium graph. If total cost is $100 at point B, what are the rental price of capital (r) and the wage rate of labor (w)?
A) r = $10 and w = $10 
B) r = $20 and w = $10 
C) r = $50 and w = $10 
D) None of the above is correct

Use the Following to Answer Questions Below