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A Firm Produces 4,000 Units of Output Using 500 Workers

Question 79

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is average variable cost?


A) $0.32
B) $16
C) $20
D) $1,280
E) none of the above

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