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  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 14: Production and Cost
  5. Question
    -The Table Above Shows a Total Product Schedule
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-The Table Above Shows a Total Product Schedule

Question 248

Question 248

Multiple Choice

  -The table above shows a total product schedule.Suppose that labor costs $20 per worker and fixed costs are $60.The total variable cost of producing 80 units equals A)  less than $50. B)  more than $50 and less than $70. C)  more than $70 and less than $90. D)  more than $90 and less than $120. E)  more than $120.
-The table above shows a total product schedule.Suppose that labor costs $20 per worker and fixed costs are $60.The total variable cost of producing 80 units equals


A) less than $50.
B) more than $50 and less than $70.
C) more than $70 and less than $90.
D) more than $90 and less than $120.
E) more than $120.

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