Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

A company has $10$ workers. Every worker earns a weekly wage of $\$200$ and turns out $50$ goods per week. What is the mean labour cost per good made?

  • A$\$0.4$
  • B$\$4$
  • C$\$20$
  • D$\$200$

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