Multiple Choice
The capital stock is fixed at 5 units,the price of capital is $60 per unit,and the price of labor is $20 per unit. Based on the above,how much does the 12th unit of output add to the firm's total variable cost?
A) $2.50
B) $4
C) $5
D) $20
E) $40
Correct Answer:

Verified
Correct Answer:
Verified
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