Solved

The Capital Stock Is Fixed at 50 Units,the Price of Capital

Question 82

Multiple Choice

The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit.  Output  Average  Variable Cost 10$40203030454060\begin{array} { c c } \text { Output } & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 10 & \$ 40 \\20 & 30 \\30 & 45 \\40 & 60\end{array} Given the above,if the firm produces 40 units of output,what is total variable cost?


A) $1.50
B) $60
C) $100
D) $2,400
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions