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Question 70

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Refer to the following:
The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,800. Fixed cost is $160,000.
Refer to the following: The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,800. Fixed cost is $160,000. -what output does the firm reach minimum average variable cost? A) 7,400 B) 8,000 units C) 100 units D) 6,000 E) 600
-what output does the firm reach minimum average variable cost?


A) 7,400
B) 8,000 units
C) 100 units
D) 6,000
E) 600

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