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Question 19

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Use the following to answer questions below:
Use the following to answer questions below: -Refer to the equilibrium graph. If total cost is $80 at point A, what are the rental price of capital (r) and the wage rate of labor (w) ? A) r = $10 and w = $8 B) r = $8 and w = $10 C) r = $5 and w = $4 D) None of the above is correct
-Refer to the equilibrium graph. If total cost is $80 at point A, what are the rental price of capital (r) and the wage rate of labor (w) ?


A) r = $10 and w = $8
B) r = $8 and w = $10
C) r = $5 and w = $4
D) None of the above is correct

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