The total cost associated with isocost I is $_________, and the price of labor

is $_________.

The total cost associated with isocost II is $_________, and the price of labor

is $_________.

3. You are a management consultant hired by the Rio Loco Vineyards to estimate the costs of raising grapes in an arid region of New Mexico. If labor costs $6,000 per man-year and capital costs $200 per unit annually, you determine that the least-cost input combinations for various levels of grape production are:

Word File Edit View Insert Format Tools Table Window Help ON 72% Fri 6:51 PM AutoSave OFF Final Exam PhD students M Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Times New... v 14 " A A Aa Ap CLASE METO - AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEc AaBb( , DE INVESTIGA Paste BIUvab X x|A DAY Normal No Spacing Heading 1 Heading 2 Title Styles Pane Format Text Effects X Tema de Tesis A A Shadow ate th c. Marginal rate of technical substitution at point C is Reflection (hint answer is 20-40/60-40 is for question a) Glow Soft Edges Jesus 2. The following graph shows two isocost curves. The price of capital is $100. AK 3-D Format tratados 150 internacionales Metodos 2 Trabaj Units of capital Metodos L Cuantitativos 0 100 200 Units of labor u wait The total cost associated with isocost I is $_ , and the price of labor is $ FIL The total cost associated with isocost II is $ , and the price of labor ons (1 Page 2 of 8 801 words OX English (United States) Focus E + 100% 6 itv 4 P