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.Average variable costs for 175 units of output is approximately
A) 25 cents.
B) 32 cents.
C) 43 cents.
D) 57 cents.
E) $1.00.
Correct Answer:

Verified
Correct Answer:
Verified
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