Refer to the following:
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit.
-If the firm produces 40 units of output, what is total variable cost?
A) $1.50
B) $60
C) $100
D) $2,400
E) none of the above
Correct Answer:
Verified
Q89: Refer to the following:
"Ford built 18 vehicles
Q90: Refer to the following:
"Ford built 18 vehicles
Q91: Refer to the following:
The capital stock
Q92: Refer to the following:
The following graph shows
Q93: Refer to the following:
The following graph shows
Q95: Refer to the following:
The capital stock
Q96: Refer to the following:
The following graph shows
Q97: Refer to the following:
The following graph shows
Q98: Refer to the following:
The following graph shows
Q99: Refer to the following:
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