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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 6

Question 6

Multiple Choice

refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.
refer to the following: The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.    -How much does the 50th unit of output add to the firm's total cost? A)  $6.67 B)  $10 C)  $400 D)  $600 E)  none of the above
-How much does the 50th unit of output add to the firm's total cost?


A) $6.67
B) $10
C) $400
D) $600
E) none of the above

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