The wage rate for workers is 240 per day and the marginal, Ask an Expert

Economics

An accounting firm is currently employing 40 accountants and accounting labor is the only variable input. The wage rate for workers is $240 per day and the marginal product and average product of accountant is 3 tax returns per day. What is the average variable cost of preparing a tax return?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M960697

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