Author Question: The following data show the total output for a firm when different amounts of labour are combined ... (Read 24 times)

dhsndn · **on:** Oct 12, 2022

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.

Labour per period	Total output per period
0	0
1	10
2	30
3	90
4	132
5	150

TABLE 7-3

Refer to Table 7-3. The average total cost when this firm is producing zero units of output is
◦ $50.
◦ $1.
◦ $0.
◦ undefined.
◦ There is not enough information to determine this.

spicyzack · **Reply #1 on:** Oct 12, 2022

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