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The Following Graph Shows the Marginal and Average Product Curves

Question 26

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 120 units of labor,how much output does it produce? A) 7,000 units B) 70 units C) 8,400 units D) 9,200 units E) 7,500 units When the firm uses 120 units of labor,how much output does it produce?


A) 7,000 units
B) 70 units
C) 8,400 units
D) 9,200 units
E) 7,500 units

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