Quiz: 2022-Spring-Econ335-Q X + csufullerton.instructure.com/courses/3325254/quizzes/8189747/take P Update : Apps New Tab heath care service gold card ) Chloe Ting - 2 We... occ canvas M gmail o School Tutor csuf canvas TJX reward card in titanium > > Reading List The following equations describe the long-run situation for prices and costs, where the numbers indicate the amounts of labor CSUE and land needed to produce a unit of corn and toys. Pcorn = 80W + 40R Ptoys = 100W + 30R If the price of corn is initially 200 and the price of toys was initially 200, but then price of corn increases to 240. The price of toys stays the same. What are the new values for W and R after adjustment to the new long-run situation? O W = 1/2; R = 5 11 O W = 2, R = 4 O W = 4, R = 2 O W = 0.5, R = 8 ? None of the above. D Question 23 0.5 pts What is the change in the real wage (purchasing power of labor income) with respect to corn? Real wage wrt to corn goes from (5/4)/200 to (1/2)/240 Real wage wrt to corn goes from (5)/200 to (2)/240 Real wage wrt to corn goes from (4)/200 to (1)/240 O It does not change. None of the above