In the Table Below,the Capital Stock Is Fixed at 40

question 18

Multiple Choice

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. $$\begin{array} { c c } \text { Units of } & \text { Units of } \\\text { Labor } & \text { Output } \\\hline 5 & 40 \\10 & 100 \\15 & 180 \\20 & 220\end{array}$$ How much does the 50th unit of output add to the firm's total cost?

• A)$6.67
• B)$10
• C)$400
• D)$600
• E)none of the above

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

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Information on a credit card statement that explains the consequences of only making minimum payments.

Percent Increase

A measure of how much a quantity grows over a period, expressed as a percentage of the original amount.

Available Credit

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