The following data show the total output for a firm when specified amounts of labour are...
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The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. Labour per unit of time 0 1 2 3 4 5 Total output 0 25 75 175 250 305 Refer to the Table, average fixed costs for 305 units of output is approximately Select one: O A. around 33 cents. O B. $3.05. OC. around 41 cents. O D. around 45 cents. OE. 74 cents. 4 The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. Labour per unit of time 0 1 2 3 4 5 Total output 0 25 75 175 250 305 Refer to the Table, average fixed costs for 305 units of output is approximately Select one: O A. around 33 cents. O B. $3.05. OC. around 41 cents. O D. around 45 cents. OE. 74 cents. 4
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