Multiple Choice
Suppose that Billy Bud's Bucking Broncos employs 20 workers at a daily wage of $60 each.The average product of labour is 30 bucking broncos per day,the marginal product of the last worker is 12 bucking broncos per day,and total fixed cost is $3 600 for equipment.What is the marginal cost of the last bucking bronco produced?
A) $0.20
B) $5.00
C) $240.00
D) $720.00
Correct Answer:
Verified
Correct Answer:
Verified
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