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  3. Study Set
    Managerial economics
  4. Exam
    Exam 8: Production and Cost in the Short Run
  5. Question
    Refer to the Following
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Refer to the Following

Question 26

Question 26

Multiple Choice

refer to the following:
refer to the following:     The wage rate is $600 and total fixed cost is $15,000. -When there are 40 workers, what is average variable cost? A)  $0.23 B)  $5.00 C)  $4.10 D)  $6.00 E)  $12.00
The wage rate is $600 and total fixed cost is $15,000.
-When there are 40 workers, what is average variable cost?


A) $0.23
B) $5.00
C) $4.10
D) $6.00
E) $12.00

Correct Answer:

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