Refer to the Following:
the Capital Stock Is Fixed at 50

question 37

Multiple Choice

Refer to the following:
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.

$$\begin{array} { c c } &\text { Average } \\\text { Output } & \text { Variable Cost }\\\hline 10 & \$ 40 \\20 & 30 \\30 & 45 \\40 & 60 \\\hline\end{array}$$
-If the firm produces 20 units of output, what is average fixed cost?

• A) $1.50
• B) $50
• C) $150
• D) $600
• E) none of the above

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Definitions:

Anal Cancer

is a type of cancer in which malignant cells are found in the tissues of the anus, often linked to human papillomavirus (HPV) infection.

Develop

To grow or cause to grow and become more mature, advanced, or elaborate through processes or stages.

Penile Cancer

A rare form of cancer that originates in the skin or tissues of the penis, often marked by visible changes or sores.

Uncircumcised Men

Men who have not undergone circumcision, which is the surgical removal of the foreskin covering the tip of the penis.