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The Following Graph Shows the Marginal and Average Product Curves

Question 98

Multiple Choice

The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000. The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000. When the firm uses 120 units of labor,what is its AVC at this output? A) $40 B) $70 C) $60 D) $56 E) none of the above When the firm uses 120 units of labor,what is its AVC at this output?


A) $40
B) $70
C) $60
D) $56
E) none of the above

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