In the table below, the capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit. If the firm produces 180 units of output, what is total variable cost?

A. $1,200
B. $17,100
C. $14,400
D. $1,800
E. none of the above


Answer: A

Economics

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