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. Given the above,if the firm produces 20 units of output,what is average fixed cost?
A) $1.50
B) $50
C) $150
D) $600
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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