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. When the firm uses 120 units of labor,what is average total cost at this output?
A)$59
B)$40
C)$190
D)$84
E)$120

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.  When the firm uses 120 units of labor,what is average total cost at this output?
A)$59 
B)$40 
C)$190 
D)$84 
E)$120

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.  When the firm uses 120 units of labor,what is average total cost at this output?
A)$59 
B)$40 
C)$190 
D)$84 
E)$120

The Following Graph Shows the Marginal and Average Product Curves