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Exhibit 26-3 ​ Refer to Exhibit 26-3. the Marginal Factor Cost (MFC)of the Factor

Question 101

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Exhibit 26-3 ​
Exhibit 26-3 ​ Refer to Exhibit 26-3. The marginal factor cost (MFC) of the fourth unit of labor is A) greater than $10 if the firm expects to hire the fourth worker. B) the same as the MFC of the first unit. C) less than the wage rate. D) greater than the wage rate.
Refer to Exhibit 26-3. The marginal factor cost (MFC) of the fourth unit of labor is


A) greater than $10 if the firm expects to hire the fourth worker.
B) the same as the MFC of the first unit.
C) less than the wage rate.
D) greater than the wage rate.

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