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The Capital Stock Is Fixed at 50 Units,the Price of Capital

Question 6

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The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. Given the above,if the firm produces 40 units of output,what is total variable cost? A) $1.50 B) $60 C) $100 D) $2,400 E) none of the above Given the above,if the firm produces 40 units of output,what is total variable cost?


A) $1.50
B) $60
C) $100
D) $2,400
E) none of the above

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