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-Given the Information in the Table Above, Suppose Labor Is

Question 1

Multiple Choice

-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is A) $15.29. B) $5.88. C) $9.41. D) $7.99
-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is


A) $15.29.
B) $5.88.
C) $9.41.
D) $7.99

Correct Answer:

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