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

Question 94

Multiple Choice

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 20 units of output,what is average fixed cost? A) $1.50 B) $50 C) $150 D) $600 E) none of the above Given the above,if the firm produces 20 units of output,what is average fixed cost?


A) $1.50
B) $50
C) $150
D) $600
E) none of the above

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