QUESTION 9 Consider a rm in a perfectly cometitive market. The urice of labor is w=20 and the price of capital is i=5. With labor on the horizontal axis, draw the isocost corresponding to C=100. The slope of this isocost I *Select Answer" QUESTION 10 Consider a rm in a perfectly co '5 marginal cost, average cost and average variable costs are given by the gure below. Suppose that the current market . maximize its prot, the rm will produce q= i 0 6 ' units of output