Refer to the following:

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 6 units of labor, what is marginal cost?
A) $0.25
B) $5
C) $6.67
D) $7.06
E) $10.25

Question

Refer to the following:

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 6 units of labor, what is marginal cost?
A) $0.25 
B) $5 
C) $6.67 
D) $7.06 
E) $10.25

Quizplus · Accepted Answer

The Answer of Refer to the following:

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 6 units of labor, what is marginal cost?
A) $0.25 
B) $5 
C) $6.67 
D) $7.06 
E) $10.25

Refer to the Following