Solved

In the Table Below,the Capital Stock Is Fixed at 40

Question 24

Multiple Choice

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. If the firm produces 40 units of output,what is average fixed cost? A) $7.50 B) $25 C) $120 D) $600 E) none of the above If the firm produces 40 units of output,what is average fixed cost?


A) $7.50
B) $25
C) $120
D) $600
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: Given the table below,if labor is fixed

Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2562/.jpg" alt=" In the figure

Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2562/.jpg" alt=" In the table

Q22: Use the following table to answer the

Q25: To answer,refer to the following: "Ford built

Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2562/.jpg" alt=" In the table

Q27: production function measures the relation between<br>A)input prices

Q27: Use the following table to answer the

Q28: Use the following table to answer the

Q29: If labor is fixed at 5 units,how