A manager of a firm with market power faces the marginal revenue product and average revenue product curves shown below. The firm incurs weekly fixed costs of $1,800. The firm employs a single variable input, labor, which costs $600 per worker each week. ssGiven the above, in profit-maximizing (or loss-minimizing) equilibrium, the firm's total variable costs are

A. $400.
B. $12,000.
C. $6,000.
D. $600.
E. none of the above


Answer: E

Economics

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