Multiple Choice
-The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the total cost of producing 70 units?
A) $1,700
B) $1,900
C) $2,100
D) $2,300
Correct Answer:

Verified
Correct Answer:
Verified
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