The Capital Stock Is Fixed at 50 Units,the Price of Capital

question 97

Multiple Choice

The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. $$\begin{array} { c c } \text { Output } & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 10 & \$ 40 \\20 & 30 \\30 & 45 \\40 & 60\end{array}$$ Given the above,if the firm produces 30 units of output,how many units of labor does the firm use?

• A)30
• B)45
• C)54
• D)60
• E)none of the above

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