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the answer must be clear and need typed answer Suppose your business is currently employing 750 workers, the only variable input, at a wage rate
the answer must be clear and need typed answer
Suppose your business is currently employing 750 workers, the only variable input, at a wage rate of RM48. The average product of labor is 96, the last worker added 6 units to total output, and total fixed cost is RM12,000 a) What is marginal cost? b) What is average variable cost? c) How much output is being produced? d) What is average total cost? e) Is average variable cost increasing, constant, or decreasing? What about average total costStep by Step Solution
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