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

Question 26

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. What is the marginal cost of producing the 120th unit? A) $400.00 B) $40.00 C) $20.00 D) $10.00
-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. What is the marginal cost of producing the 120th unit?


A) $400.00
B) $40.00
C) $20.00
D) $10.00

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