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
Correct Answer:
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Q37: Given the table below,how much does
Q38: Use the following table to answer
Q39: The marginal product of labor
A)measures how output
Q40: Use the following table to answer
Q41: Q43: Based on the following table,what is Q44: Marginal cost Q45: Given the table below,what is average Q46: Average fixed cost Q47:
A)measures how total cost changes when
A)increases as output increases.
B)decreases as
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