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 total variable cost of producing 305 units of output is
A) $325.
B) $305.
C) $225.
D) $100.
E) $125.
Correct Answer:

Verified
Correct Answer:
Verified
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