Question 7 (1 point) B 10 11 Equilibrium Labor Reference: Ref 7-5 Refer to the equilibrium graph. If total cost is $80 at point A,
Question 7 (1 point) B 10 11 Equilibrium Labor Reference: Ref 7-5 Refer to the equilibrium graph. If total cost is $80 at point A, what are the rental price of capital () and the wage rate of labor (w)? O a) r= $10 and w = $8 O b) r = $8 and w = $10 Ocr = $5 and w = $4 O d) None of the above is correct
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