If a firm has labor as its only variable input, its total variable cost of output is equal to

stars_and_moon

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If a firm has labor as its only variable input, its total variable cost of output is equal to

If a firm has labor as its only variable input, its total variable cost of output is equal to
A) price ÷ labor.
B) price * labor.
C) wage rate ÷ labor.
D) wage rate * labor.

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stars_and_moon Author

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7 years ago

Incredible!

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kingby

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7 years ago

Yup, vote with confidence!

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