Above Is a Firm's Average Product of Labor and Marginal

question 37

Multiple Choice

Above is a firm's average product of labor and marginal product of labor curves.The price of labor is $60 per unit.When the firm uses 6 units of labor,what is marginal cost?

• A)$0.25
• B)$5
• C)$6.67
• D)$7.06
• E)$10.25

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