Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the variable cost of producing 45 units of output?
A) $30
B) $10
C) $450
D) $22.22

Question

Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the variable cost of producing 45 units of output? 
A) $30 
B) $10 
C) $450 
D) $22.22

Quizplus · Accepted Answer

The Answer of Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the variable cost of producing 45 units of output? 
A) $30 
B) $10 
C) $450 
D) $22.22