hoodle Isus.edu/mod/quilz/secured.php#ockdown estion 6 yet wered ked out of g on of # LG 3 E D O b. No, in this case Cat, Inc. must allocate resources away from tucks towards buggies For a cost minimizing firm, what is the price of capital If the price of labor is $8 and the marginal rate of technical substitution is 4? Select one: O a. $8 O b. $2 C. Select one: Time left 0:49:57 More information needed to answer this question d. No, in this case Cat, Inc. must allocate resources away from buggies towards trucks Clear my choice Using the optimum combination of inputs rule, find the price of labor given the following: A firm uses labor and capital to produce output. The marginal product of the last unit of labor hired is 20 units of output, and the marginal product of the last unit of capital employed is 30 units. Price of Capital is $6. C O d. $4 $0.5 $ 4 R G Search or type URL F 65 % V T MacBook Pro G 6 Y B & 7 H 00 * 8 N J