Suppose that a company currently employs 2000 workers and, Business Economics

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Suppose that a company currently employs 2000 workers and

Suppose that a company currently employs 2,000 workers and produces 5 million units of output per month. Labor is its only variable?input, and the company pays each worker the same monthly wage. The?company’s current total variable costs equal ?$5 million.

What are average variable costs at this?firm’s current output? level?

What is the average product of? labor?

What monthly wage does the firm pay each?worker?

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