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Refer to the Following

Question 9

Multiple Choice

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 is AVC at its minimum? A) $80 B) $100 C) $8 D) $50 E) $35
-What is AVC at its minimum?


A) $80
B) $100
C) $8
D) $50
E) $35

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