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  3. Study Set
    Foundations of Macroeconomics
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    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 206

Question 206

Multiple Choice

  -The table above shows a total product schedule.Suppose that labor costs $20 per worker and fixed costs are $60.The average variable cost of producing 80 units equals ________ per unit. A)  $0.75 B)  $1.00 C)  $1.75 D)  $20 E)  $0.25
-The table above shows a total product schedule.Suppose that labor costs $20 per worker and fixed costs are $60.The average variable cost of producing 80 units equals ________ per unit.


A) $0.75
B) $1.00
C) $1.75
D) $20
E) $0.25

Correct Answer:

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