Final answer:
To calculate the wage rate per unit, we need to determine the cost of producing each unit of output. The correct answer is Option C) Rs. 5.40.
Step-by-step explanation:
To calculate the wage rate per unit, we need to determine the cost of producing each unit of output. In this case, we have a table that shows the quantity of labor demanded and supplied at different wage rates. From this table, we can see that at a wage rate of $10/hr, 1,200 units of labor are supplied. Since the cost of producing each unit of output is equal to the wage rate, the wage rate per unit is $10. Therefore, the correct answer is Option C) Rs. 5.40.