Multiple Choice
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.
TABLE 7-3
-Refer to Table 7-3.The average variable cost when this firm is producing 10 units of output is
A) $0.10.
B) $0.50.
C) $0.60.
D) $1.00.
E) $6.00.
Correct Answer:

Verified
Correct Answer:
Verified
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