Refer to the Following

question 72

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.

-When the firm uses 40 units of labor, what is marginal cost at this level of output?

• A) $70
• B) $35
• C) $60
• D) $280
• E) $55

---

Definitions:

Asian American

A term referring to Americans of Asian descent or origin, representing a diverse group from East Asia, Southeast Asia, and the Indian subcontinent.

Buying Patterns

Analysis of consumer purchasing habits to predict future purchasing behavior and preferences.

Assimilated

The process of adapting or becoming absorbed into a different culture or group.

Hispanic Subculture

A group within the larger Hispanic community with its own unique customs, values, and traditions, influenced by specific national origins or cultural backgrounds.