Business, 07.05.2020 07:58, ChasityN8491

Suppose Billy Bud's Bucking Broncos employs 20 workers at a daily wage rate of $60 each. The average product of labor is 30 bucking broncos per day; the marginal product of the last worker is 12 bucking broncos per day; and total fixed cost is $3,600 for equipment. What is the marginal cost of the last bucking bronco produced?

a. $5.00

b. $240.00

c. $720.00

d. $0.20

Answers: 2

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Suppose Billy Bud's Bucking Broncos employs 20 workers at a daily wage rate of $60 each. The average...