Question: Hey can someone help me there please :) b) The price of labour doubles. What is the price of a unit of output in the

Hey can someone help me there please :)

b) The price of labour doubles. What is the price of a unit of output in the short run? c) What is the price of a unit of output after the increase in the price of labour in the long run? 4. The long-run adjustment to the capital labour ratio is illustrated on Figure 1. (below) The price of labour is $20 and the price of capital is $20. The rm is committed to producing an output of 20 units. Total Costs = $400. Ile-FU'IO'INOOQD 12 34 5 6 78 9101112131415161718192021222324252627282930L a) What is the original price of a unit of output

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