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-Refer to Figure 7-13

Question 174

Multiple Choice

-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. If the price of labour 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
-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. If the price of labour 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

Correct Answer:

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