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Refer to the Following

Question 101

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, what is its AVC at this output? A) $40 B) $70 C) $60 D) $56 E) none of the above
-When the firm uses 120 units of labor, what is its AVC at this output?


A) $40
B) $70
C) $60
D) $56
E) none of the above

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