Multiple Choice
A firm pays the same wage rate to all its workers. At present, 20 workers are employed at $50 per day. Wages are subsequently raised to $55 per day in order to attract an extra worker. Thus, the marginal labor cost per day is
A) $5.
B) $21.
C) $55.
D) $155.
Correct Answer:
Verified
Correct Answer:
Verified
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