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Refer to the Following

Question 93

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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. -When the firm uses 120 units of labor, what is average total cost at this output? A) $59 B) $40 C) $190 D) $84 E) $120
-When the firm uses 120 units of labor, what is average total cost at this output?


A) $59
B) $40
C) $190
D) $84
E) $120

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