-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is
A) $15.29.
B) $5.88.
C) $9.41.
D) $7.99

Question

-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is
A) $15.29. 
B) $5.88. 
C) $9.41. 
D) $7.99

Quizplus · Accepted Answer

The Answer of 
-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is
A) $15.29. 
B) $5.88. 
C) $9.41. 
D) $7.99

-Given the Information in the Table Above, Suppose Labor Is