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 4 units of labor,what is AVERAGE variable cost?
A)$10
B)$24
C)$124
D)$240
E)none of the above

Question

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 4 units of labor,what is AVERAGE variable cost?
A)$10 
B)$24 
C)$124 
D)$240 
E)none of the above

Quizplus · Accepted Answer

The Answer of  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 4 units of labor,what is AVERAGE variable cost?
A)$10 
B)$24 
C)$124 
D)$240 
E)none of the above

Above Is a Firm's Average Product of Labor and Marginal