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Figure 9.7 -Refer to Figure 9.7.The Lines Shown in the Diagram Are

Question 169

Multiple Choice
Figure 9.7 -Refer to Figure 9.7.The lines shown in the diagram are isocost lines.If the price of labour is $50 per unit, what is the price of capital along the isocost CE?

Figure 9.7
Figure 9.7 -Refer to Figure 9.7.The lines shown in the diagram are isocost lines.If the price of labour is $50 per unit, what is the price of capital along the isocost CE? A) $400 per unit B) $100 per unit C) $25 per unit D) insufficient information to answer question
-Refer to Figure 9.7.The lines shown in the diagram are isocost lines.If the price of labour is $50 per unit, what is the price of capital along the isocost CE?


A) $400 per unit
B) $100 per unit
C) $25 per unit
D) insufficient information to answer question

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