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Table 7-4 Total Output for a Firm with Varying Labor

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The following data show the total output for a fum when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. Refer to Table 7-4. The average total cost for 250 units of output is approximately Select one: A. 40 cents. B. 33 cents. C. $1.00. D. 80 cents. E. 63 cents..

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The following data show the total output for a fum when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. Refer to Table 7-4. The average total cost for 250 units of output is approximately Select one: A. 40 cents. B. 33 cents. C. $1.00. D. 80 cents. E. 63 cents.

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Table 7-4 Total Output for a Firm with Varying Labor

  • 1. The following data show the total output for a fum when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. Refer to Table 7-4. The average total cost for 250 units of output is approximately Select one: A. 40 cents. B. 33 cents. C. $1.00. D. 80 cents. E. 63 cents.