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The Following Data Show the Total Output for a Firm

Question 59

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The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.    TABLE 7-3 -Refer to Table 7-3.The average variable cost when producing 132 units of output is approximately A) 24 cents. B) 30 cents. C) 45 cents. D) 68 cents. E) 89 cents. TABLE 7-3
-Refer to Table 7-3.The average variable cost when producing 132 units of output is approximately


A) 24 cents.
B) 30 cents.
C) 45 cents.
D) 68 cents.
E) 89 cents.

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