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Refer to the Information Provided in Figure 7

Question 49

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Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. Figure 7.8 -Refer to Figure 7.8. The firm is currently along isocost CE. If the price of capital is $12, then the price of labor is A) $8. B) $12. C) $80. D) $120. Figure 7.8
-Refer to Figure 7.8. The firm is currently along isocost CE. If the price of capital is $12, then the price of labor is


A) $8.
B) $12.
C) $80.
D) $120.

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