Use the following graph to answer the following questions. 
a.If the wage rate and the rental price of machines are both $50 and total cost is $800,is the cost-minimising point A,B,or C?
b.If the wage rate is $40,the rental price of equipment is $120,and total cost is $1200,is the cost-minimising point A,B,or C?
c.If the wage rate is $60,the rental price of equipment is $90,and total cost is $1800,is the cost-minimising point A,B,or C?
Definitions:
Job Analysis
The process of studying and collecting information about the content and the human requirements of jobs, as well as the context in which jobs are performed.
Synonyms
Words or phrases that have the same or nearly the same meaning as another word or phrase in the same language.
Pay Inequities
Disparities in compensation among employees that are not based on job performance or qualifications.
Conditions
Specific requirements, provisions, or circumstances that affect an agreement, process, or functioning of a system.
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