-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. What is the marginal cost of producing the 120th unit?
A) $400.00
B) $40.00
C) $20.00
D) $10.00

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. What is the marginal cost of producing the 120th unit?
A) $400.00 
B) $40.00 
C) $20.00 
D) $10.00

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. What is the marginal cost of producing the 120th unit?
A) $400.00 
B) $40.00 
C) $20.00 
D) $10.00

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