The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000. What is AVC at its minimum?
A)$80
B)$100
C)$8
D)$50
E)$35

Question

The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000.  What is AVC at its minimum?
A)$80 
B)$100 
C)$8 
D)$50 
E)$35

Quizplus · Accepted Answer

The Answer of The following graph shows the marginal and average product curves for labor,the firm's only variable input.The monthly wage for labor is $2,800.Fixed cost is $160,000.  What is AVC at its minimum?
A)$80 
B)$100 
C)$8 
D)$50 
E)$35

The Following Graph Shows the Marginal and Average Product Curves