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(Figure: Capital and Labor VII) Based on the Isocost Line

Question 92

Multiple Choice

(Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is: (Figure: Capital and Labor VII) Based on the isocost line, the ratio of the wage rate (W) to rental rate of capital (R) is: A) 1.5. B) 4.0. C) 0.67. D) 0.50.


A) 1.5.
B) 4.0.
C) 0.67.
D) 0.50.

Correct Answer:

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