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April 18, 2014

Homework Help: managerial eccon

Posted by stacey on Sunday, October 3, 2010 at 6:05pm.

Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600.

what is the averge variable cost?

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