QUESTION 16 Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that when 5 units of output are produced, the total cost is 175 dirhams, and the average variable cost is 30 dirhams. What would the average fixed cost be if 10 units were produced? O a. 4 dirhams. O b. 2.5 dirhams. O c. 10 dirhams. O d. 135 dirhams,
QUESTION 16 Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that when 5 units of output are produced, the total cost is 175 dirhams, and the average variable cost is 30 dirhams. What would the average fixed cost be if 10 units were produced? O a. 4 dirhams. O b. 2.5 dirhams. O c. 10 dirhams. O d. 135 dirhams,
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
Section: Chapter Questions
Problem 6PA
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