INDEX Time Quiz 3 Remaining: answered Hide Hand-In 22m 14s 3/15 The price of labor is cost of labor is_____; benefit of labor to firms is_ The price of labor is_; cost of labor is_; benefit of labor to firms is ___: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 10 Compensation; Salaries; Production. b Wages; W*L; MPL. C Salaries; W*L; Production. d Rental Rate; R*K; MPK. Unanswered Save