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Question 48

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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 $100 at point B, what are the rental price of capital (r) and the wage rate of labor (w) ? A) r = $10 and w = $10 B) r = $20 and w = $10 C) r = $50 and w = $10 D) None of the above is correct
-Refer to the equilibrium graph. If total cost is $100 at point B, what are the rental price of capital (r) and the wage rate of labor (w) ?


A) r = $10 and w = $10
B) r = $20 and w = $10
C) r = $50 and w = $10
D) None of the above is correct

Correct Answer:

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