Solved

The Following Data Show the Total Output for a Firm

Question 22

Multiple Choice

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.    TABLE 7-4 -Refer to Table 7-4.Average fixed costs for 305 units of output is approximately A) 33 cents. B) 41 cents. C) 45 cents. D) 74 cents. E) $3.05. TABLE 7-4
-Refer to Table 7-4.Average fixed costs for 305 units of output is approximately


A) 33 cents.
B) 41 cents.
C) 45 cents.
D) 74 cents.
E) $3.05.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions