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Above Is a Firm's Average Product of Labor and Marginal

Question 40

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Above is a firm's average product of labor and marginal product of labor curves.The price of labor is $60 per unit.When the firm uses 4 units of labor,what is AVERAGE variable cost? A) $10 B) $24 C) $124 D) $240 E) none of the above Above is a firm's average product of labor and marginal product of labor curves.The price of labor is $60 per unit.When the firm uses 4 units of labor,what is AVERAGE variable cost?


A) $10
B) $24
C) $124
D) $240
E) none of the above

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