Figure 11-13 -Refer to Figure 11-13.The Lines Shown in the Diagram Are

Multiple Choice

Figure 11-13

-Refer to Figure 11-13.The lines shown in the diagram are isocost lines.If the price of labor is $50 per unit, what is the price of capital along the isocost CE?

A) $400 per unit
B) $100 per unit
C) $25 per unit
D) insufficient information to answer question