The Following Graph Shows the Marginal and Average Product Curves

question 96

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 marginal cost at this output?

• A)$65
• B)$70
• C)$50
• D)$56
• E)$120

---

Definitions:

Public Restrooms

Facilities providing toilets and sinks for use by the general public, located in various public places.

Impersonal Sex

Sexual activity without emotional attachment or personal connection between the participants.

Upper-middle Class

A social group that is above the middle class, often characterized by high levels of education, professional careers, and considerable economic stability.

Transgendered Person

An individual whose gender identity or expression differs from the sex they were assigned at birth.