The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. Given the above,if the firm produces 40 units of output,what is total variable cost?
A)$1.50
B)$60
C)$100
D)$2,400
E)none of the above

Question

The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit.  Given the above,if the firm produces 40 units of output,what is total variable cost?
A)$1.50 
B)$60 
C)$100 
D)$2,400 
E)none of the above

Quizplus · Accepted Answer

The Answer of The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit.  Given the above,if the firm produces 40 units of output,what is total variable cost?
A)$1.50 
B)$60 
C)$100 
D)$2,400 
E)none of the above

The Capital Stock Is Fixed at 50 Units,the Price of Capital