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Refer to the Information Provided in Figure 7

Question 65

Multiple Choice

Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. Figure 7.9 -Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is A) $6. B) $40. C) $240. D) indeterminate from this information. Figure 7.9
-Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is


A) $6.
B) $40.
C) $240.
D) indeterminate from this information.

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