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For Firm A, when 4 units of labor, the only variable input into the production process, are hired, the firm produces 50 units of output. If the fixed cost of production is $4, the variable cost per unit of labor is $20, and the marginal product of labor for the fifth unit of labor is 2, what is the average total cost of production when labor is 5 units?
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4+(5*20)/52 =2
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