What is the average variable cost, Microeconomics

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What is the average variable cost

Suppose that the firm's only varible input is labor. When 50 workers are used, the average product labor is 50 and the marginal product of labor is 75. the wage rate is $80 and the total cost of the fixed input is $500.

What is the average variable cost
what is the marginal cost
what is the average total cost

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Microeconomics: What is the average variable cost

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Microeconomics: What is the average variable cost

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Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: What is the average variable cost

Reference No:- TGS067473

Recent Questions Asked Microeconomics

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