Business, 07.03.2020 01:13 Val03

Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60. The average physical product of labor is 30, the last worker added 12 units to total output, and total fixed cost is $3,600a. What is marginal cost?b. What is average variable cost?c. how much output is being producedd. What is the average total cost?d. At the current output rate, is average variable cost increasing, constant, or decreasing? Is average total cost increasing, constant, or decreasing? What about average total cost?

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Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $6...

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