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.
TABLE 7-4
-Refer to Table 7-4.The average total cost of producing 75 units of output is
A) $1.
B) $2.
C) $0.80.
D) $0.67.
E) $1.33.
Correct Answer:

Verified
Correct Answer:
Verified
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