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?An accounting firm is currently employing 40 accountants and accounting labor isthe only variable input. The wage rate for workers is $240 per day and themarginal product and average product of…
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