For Firm A,when 4 Units of Labor,the Only Variable Input

question 197

Multiple Choice

For Firm A,when 4 units of labor,the only variable input into the production process,are hired,the firm produces 50 units of output.If the fixed cost of production is $4,the variable cost per unit of labor is $20,and the marginal product of labor for the fifth unit of labor is 2,what is the average total cost of production when labor is 5 units?

• A)$2.00
• B)$20.00
• C)$20.80
• D)$22.80

Understand the calculation and significance of share dividends, including bonus issues and cash dividends.

Analyze the impact of treasury shares on shareholders' equity.

Calculate retained earnings and understand its role in shareholder equity.

Understand the process and implications of dividend declarations and payments.

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