Refer to the Following

question 9

Multiple Choice

Refer to the following:
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.

-What is AVC at its minimum?

• A) $80
• B) $100
• C) $8
• D) $50
• E) $35

---

Definitions:

Achievement

The process or act of achieving something, typically involving effort or skill, leading to success or attainment.

Violent Crimes

Acts of crime that involve force or threat of force against others, including homicide, rape, and assault.

FBI Report

An official document compiled by the Federal Bureau of Investigation detailing investigations, findings, or statistics.

Secondary Drive

A learned drive that is not directly related to biological needs but is derived from them, such as the drive for money or social acceptance.