Multiple Choice
The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. TABLE 7- 4
-Refer to Table 7- 4.The average total cost for 250 units of output is approximately
A) 33 cents.
B) $1.00.
C) 80 cents.
D) 40 cents.
E) 63 cents.
Correct Answer:

Verified
Correct Answer:
Verified
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