Refer to the Following

question 44

Multiple Choice

Refer to the following:

Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.

-What is average total cost?

• A) $0.825
• B) $0.63
• C) $1.80
• D) $4.10
• E) none of the above

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Definitions:

Telemetry Unit

A hospital section dedicated to the monitoring of patients' vital signs and cardiac status remotely using specialized technology.

Digoxin

A medication primarily used to treat heart conditions, including atrial fibrillation and heart failure.

Apical

Pertaining to the apex or pointed end of a structure, often used to describe the location of a heart pulse point at the left side of the chest.

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently high, increasing the risk of heart, brain, kidney, and other diseases.