Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8
-Refer to Figure 7.8. The firm is currently along isocost CE. If the price of labor is $24, then the price of labor is
Definitions:
Foreign Currency Approach
A method used in global finance and investment analysis that involves evaluating investments or financial statements in a foreign currency.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used to evaluate the profitability of an investment.
Pakistani Rupees
the official currency of Pakistan, symbolized as PKR.
Yankee Bond
A bond issued by a foreign entity in the United States, denominated in U.S. dollars, and subject to American securities laws.
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