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Refer to the Following

Question 35

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. -When the firm uses 120 units of labor, how much output does it produce? A) 7,000 units B) 70 units C) 8,400 units D) 9,200 units E) 7,500 units
-When the firm uses 120 units of labor, how much output does it produce?


A) 7,000 units
B) 70 units
C) 8,400 units
D) 9,200 units
E) 7,500 units

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