Suppose Billy Bud's Bucking Broncos Employs 20 Workers at a Daily

Multiple Choice

Suppose Billy Bud's Bucking Broncos employs 20 workers at a daily wage rate of $60 each.The average product of labor is 30 bucking broncos per day; the marginal product of the last worker is 12 bucking broncos per day; and total fixed cost is $3,600 for equipment.What is the marginal cost of the last bucking bronco produced?

A) $0.20
B) $5.00
C) $240.00
D) $720.00