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.
-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
Correct Answer:

Verified
Correct Answer:
Verified
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