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The Following Graph Shows the Marginal and Average Product Curves

Question 65

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The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000. The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000. When the firm uses 40 units of labor,what is AVC at this level of output? A) $120 B) $400 C) $40 D) $70 E) $86 When the firm uses 40 units of labor,what is AVC at this level of output?


A) $120
B) $400
C) $40
D) $70
E) $86

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