refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.

-If the firm produces 180 units of output, what is total variable cost?
A) $1,200
B) $1,800
C) $14,400
D) $17,100
E) none of the above

Question

refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.
 
-If the firm produces 180 units of output, what is total variable cost?
A) $1,200 
B) $1,800 
C) $14,400 
D) $17,100 
E) none of the above

Quizplus · Accepted Answer

The Answer of refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.
 
-If the firm produces 180 units of output, what is total variable cost?
A) $1,200 
B) $1,800 
C) $14,400 
D) $17,100 
E) none of the above

Refer to the Following