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Refer to the Following

Question 108

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Refer to the following:
Refer to the following:      Above is a firm's average product of labor and marginal product of labor curves. The price of labor is $60 per unit. -When the firm uses 6 units of labor, what is marginal cost? A)  $0.25 B)  $5 C)  $6.67 D)  $7.06 E)  $10.25

Above is a firm's average product of labor and marginal product of labor curves. The price of labor is $60 per unit.
-When the firm uses 6 units of labor, what is marginal cost?


A) $0.25
B) $5
C) $6.67
D) $7.06
E) $10.25

Correct Answer:

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