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Above Is a Firm's Average Product of Labor and Marginal

Question 58
Multiple Choice

img Above is a firm's average product of labor and marginal product of labor curves.The price of labor is $60 per unit.When the firm uses 4 units of labor,what is AVERAGE variable cost? A)$10 B)$24 C)$124 D)$240 E)none of the above

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Q 59
Based on the following table,what is total variable cost when 100 units of output are produced? A)$5 B)$10.50 C)$105 D)$1050 E)none of the above
Q 60
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Q 61
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