A Firm Produces 4,000 Units of Output Using 500 Workers

question 79

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is average variable cost?

• A)$0.32
• B)$16
• C)$20
• D)$1,280
• E)none of the above

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Strength level

Strength level indicates the capacity of an individual or object to exert force or power; in humans, it can refer to physical or even emotional capacity.

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A set of core moral guidelines that are believed to be fundamental, overarching, and universally applicable across different cultures and societies, often invoked in discussions of moral reasoning at its most advanced stages.

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An implied agreement among individuals in a society to cooperate for social benefits, such as protection and social order; similar to a social contract.

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