Multiple Choice
In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. If the firm produces 40 units of output,what is average fixed cost?
A) $7.50
B) $25
C) $120
D) $600
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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