The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50. Total output per Labour per period period 10 30 3 90 4 132 150 If this firm is producing 20 units of output per period its marginal cost is... O a. $1.00. O b. $0.17. c. c. $0.50. O d. $1.67. O e. $10.00. е.
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50. Total output per Labour per period period 10 30 3 90 4 132 150 If this firm is producing 20 units of output per period its marginal cost is... O a. $1.00. O b. $0.17. c. c. $0.50. O d. $1.67. O e. $10.00. е.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following data show the total output for a firm when different amounts of labour are combined
with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the
capital is $50.
Total output per
Labour per period
period
1
10
2
30
3
90
4
132
150
If this firm is producing 20 units of output per period its marginal cost i...
O a. $1.00.
O b. $0.17.
O c. $0.50.
O d. $1.67.
O e. $10.00.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9cda1dc9-24b6-4124-8504-f1747505e9e0%2Ff1b38fe6-863e-426c-ac47-d35e4afbdca2%2F1w11v7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following data show the total output for a firm when different amounts of labour are combined
with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the
capital is $50.
Total output per
Labour per period
period
1
10
2
30
3
90
4
132
150
If this firm is producing 20 units of output per period its marginal cost i...
O a. $1.00.
O b. $0.17.
O c. $0.50.
O d. $1.67.
O e. $10.00.
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