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lyudmila [28]
4 years ago
5

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 worker

s the firm produces 90 units of output. Fixed costs of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the average variable cost of production when the firm hires 7 workers?
a; $12.67
b; $11
c; 81 cents
d; 75 cents
Business
1 answer:
Llana [10]4 years ago
4 0

Answer:

a

Explanation:

variable cost per unit of labour $12.67

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