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Refer to the Following:
the Capital Stock Is Fixed at 40

Question 10

Multiple Choice

Refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.
 units of  units of  Labor  Output 540101001518020220\begin{array} { c c } \text { units of } & \text { units of } \\\text { Labor } & \text { Output } \\\hline 5 & 40 \\10 & 100 \\15 & 180 \\20 & 220\end{array}
-If the firm produces 180 units of output, what is total variable cost?


A) $1,200
B) $1,800
C) $14,400
D) $17,100
E) none of the above

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