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Suppose a Firm Is Hiring 20 Workers at a Wage

Question 94

Multiple Choice

Suppose a firm is hiring 20 workers at a wage rate of $60.The average product of labor is 30,the last worker added 12 units of output,and total fixed cost is $3,600.What is average total cost?


A) $2
B) $8
C) $600
D) $1800
E) none of the above

Correct Answer:

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