In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. If the firm produces 180 units of output,what is total variable cost?
A)$1,200
B)$1,800
C)$14,400
D)$17,100
E)none of the above

Question

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit.  If the firm produces 180 units of output,what is total variable cost?
A)$1,200 
B)$1,800 
C)$14,400 
D)$17,100 
E)none of the above

Quizplus · Accepted Answer

The Answer of In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit.  If the firm produces 180 units of output,what is total variable cost?
A)$1,200 
B)$1,800 
C)$14,400 
D)$17,100 
E)none of the above

In the Table Below,the Capital Stock Is Fixed at 40