-Refer to Figure 7-13. 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

Question

-Refer to Figure 7-13. 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

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 7-13. 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