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

question 20

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 4 units of labor,what is AVERAGE variable cost?

• A)$10
• B)$24
• C)$124
• D)$240
• E)none of the above

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