The Following Graph Shows the Marginal and Average Product Curves

question 75

Multiple Choice

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 40 units of labor,what is marginal cost at this level of output?

• A)$70
• B)$35
• C)$60
• D)$280
• E)$55

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Definitions:

Involved Fathers

Fathers who actively participate in their children's lives, contributing to their care, development, and well-being through emotional support, physical presence, and engagement in activities.

Child Rearing

The process of supporting and promoting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.

Societal Expectations

The norms and standards that society collectively holds, dictating acceptable behavior and roles for individuals.

Parents

Caregivers of a child or children, biologically related or not, responsible for their upbringing and welfare.