Business, 13.08.2019 04:30 varonadestiny1109

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

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Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero....

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