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Production than the previous worker

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Assume fixed costs are 470 and labor costs $20 per unit. The first laborer produces 20 units of output. Subsequent hires add 5 units less to production than the previous worker. Thus the second worker adds 15, the third adds 10 etc. Which of the following is a true statement?

A At an output of 20 the total cost is $20.

B Average total cost at an output of 50 is 11.

C Average fixed cost is 10 when output is 45.

D Marginal cost keeps falling as the number of laborers hired increases.

Reference no: EM132401152

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