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Question 1) This Figure shows the isocost line corresponding to the total cost of production of $16,000 when capital and labour are employed.A) What is

Question 1) This Figure shows the isocost line corresponding to the total cost of production of $16,000 when capital and labour are employed.A) What is the per-unit cost of capital?B) Staying with the Figure from Question 1, what is the per-unit cost of labour?

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K 160 140 120 100 80 60 40 20 0+ 0 50 100 125 150 200 250 L

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