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20 Oct 2018
10. Suppose that the price of labour is $40 per unit and the price of capital is $120 per unit. In the short run, when L=20, the average cost (also called the average total cost) (computed to the nearest penny) is: A) $4.00B ) $4.50 C) $5.00 D) $6.00E ) $7.50F ) $8.00 G) $9.00 H) $10.001) $10.50J) none of the above
10. Suppose that the price of labour is $40 per unit and the price of capital is $120 per unit. In the short run, when L=20, the average cost (also called the average total cost) (computed to the nearest penny) is: A) $4.00B ) $4.50 C) $5.00 D) $6.00E ) $7.50F ) $8.00 G) $9.00 H) $10.001) $10.50J) none of the above
Sixta KovacekLv2
23 Oct 2018
