Foundations of Economics, 3e (Bade/Parkin) - Testbank 3
Mar 20, 2013 · d. If Rufus adds his brother Jethro to his staff, at a wage rate of $240 a week, and his company can now skin 310 skunks per week, what is Rufus's new average variable cost? Answer: a. The average product of labor is 30 skunks skinned per worker. b. The total variable cost per week is $2,400. c. The average variable cost is $8 per skunk skin. d. ................
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