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The Following Graph Shows the Marginal and Average Product Curves

Question 9

Multiple Choice

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 average total cost at this output? A) $140 B) $40 C) $70 D) $170 E) none of the above When the firm uses 40 units of labor,what is average total cost at this output?


A) $140
B) $40
C) $70
D) $170
E) none of the above

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