The Following Graph Shows the Marginal and Average Product Curves

question 98

Multiple Choice

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 120 units of labor,what is its AVC at this output?

• A)$40
• B)$70
• C)$60
• D)$56
• E)none of the above

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Definitions:

Hegemony

The dominance of one group over others, often exercised through cultural, economic, or political means.

Cultural Associations

Groups or organizations formed around shared cultural interests, practices, or identities, aiming to preserve or promote specific cultural aspects.

Marginalized

Describes individuals or groups that are pushed to the edges of society, often facing disadvantages and exclusion from mainstream social, economic, and political life.

Black Women's Identities

The collective and individual self-concepts of African American women, shaped by the intersections of race, gender, and social context.