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What is the percentage change in rental of capital, given the following information? Manufacturing: Sales revenue = $200; Payments to labor=$120; Payments to capital =
What is the percentage change in rental of capital, given the following information? Manufacturing: Sales revenue = $200; Payments to labor=$120; Payments to capital = $80 Agriculture: Sales revenue = $200; Payment to labor = $100; Payments to land = $100 Percentage increase in Price: Manufacturing = 10%; Agriculture = 0% Percentage increase in wage in both industries = 5%
a.15%
b.17.5%
c. 10%
or d.5%
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