A Firm Produces 4,000 Units of Output Using 500 Workers

question 79

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is average variable cost?

• A)$0.32
• B)$16
• C)$20
• D)$1,280
• E)none of the above

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Definitions:

Passive Management

A leadership style characterized by minimal intervention, letting processes and issues unfold or resolve naturally without active direction.

Contingent Reward

A leadership strategy that offers rewards or incentives based on the achievement of specific goals or performance criteria.

Political Conflict

Disagreements or disputes that arise from differences in views, interests, or goals related to governance, policies, or political ideologies.

Ideological Conflict

Disagreements or disputes arising from deeply held beliefs or values between individuals or groups.