The Following Data Show the Total Output for a Firm

question 76

Multiple Choice

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.
TABLE 7-3
-Refer to Table 7-3.The average total cost when this firm is producing 10 units of output is

• A)60 cents.
• B)$1.
• C)$6.
• D)$10.
• E)$60.