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 40 units of labor,what is marginal cost at this level of output?
A)$70
B)$35
C)$60
D)$280
E)$55

Question

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 40 units of labor,what is marginal cost at this level of output?
A)$70 
B)$35 
C)$60 
D)$280 
E)$55

Quizplus · Accepted Answer

The Answer of 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 40 units of labor,what is marginal cost at this level of output?
A)$70 
B)$35 
C)$60 
D)$280 
E)$55

The Following Graph Shows the Marginal and Average Product Curves