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If the price of labor is $15 an hour, what is the price of capital per unit? $15 $12.50 $3.75 None of the above. $4.75

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If the price of labor is $15 an hour, what is the price of capital per unit?

$15

$12.50

$3.75

None of the above.

$4.75

image text in transcribed
500 300 C Units of Capital A D B E q4 = 600 93 = 450 q2 = 300 q1 - 150 75 125 Units of Labor

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