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Hufflepuff Industries produces badger sweaters and currently uses [20] units of labor and [30] units of capital. The marginal product of the [20th] unit of

Hufflepuff Industries produces badger sweaters and currently uses \[20\] units of labor and \[30\] units of capital. The marginal product of the \[20th\] unit of labor is \[100\] sweaters, and the marginal product of the \[30th\] unit of capital is \[200\] sweaters. If the cost of each unit of labor \[(w)\] is \[\$20\] and this firm minimizes costs, what is the rental rate of capital \[(r)\]? Choose 1 answer: Choose 1 answer: (Choice A) \[\$20\] A \[\$20\] (Choice B) \[\$50\] B \[\$50\] (Choice C) \[\$10\] C \[\$10\] (Choice D) \[\$30\] D \[\$30\] (Choice E) \[\$40\] E \[\$40\]

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