What is the average total cost of hiring the 7th worker?
A) $400
B) $800
C) $1200
D) $1600
Correct Answer:
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Q1: Use the following to answer question
Q13: If a firm produces 10 units,TC=$100.When the
Q15: If AVC=$5 and AFC=15,then ATC=
A)$10
B)$5
C)$15
D)$20
Q17: A firm produces 1000 units per week.It
Q17: Total costs increase from $1,500 to $1,800
Q19: Use the following to answer questions 4-8:
Q20: Use the following to answer questions 4-8:
Q21: Use the following to answer questions 11-16:
Q22: Marginal cost is the _ cost of
Q23: A firm is thinking of hiring an
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