Suppose that the Widget Manufacturing Company is a price take in all markets. It finds that currently in the production of widgets the marginal product of capital is 6 widgets and the marginal product of labor is 3 widgets. The price of capital is $4. If the company is minimizing costs, what must the price of labor be? $1.5 $2 $8 $12 Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. The total cost curve for the firm depends on: both the demand curve for output and the supply curves for inputs. both the demand curve for output and the production function. both the production function and the supply curves for inputs. only the production function. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.