Solved

If Output Rises from 175 Units Per Hour to 193

Question 161

Multiple Choice

If output rises from 175 units per hour to 193 units per hour as another worker is hired and the additional worker receives $25 in wages per hour, assuming that labor is the only variable input, it follows that marginal cost is


A) $450
B) $4,825
C) $4,375
D) $45
E) $0.45

Correct Answer:

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