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A Firm Currently Produces 2,500 Units of Output Per Week

Question 16

Multiple Choice

A firm currently produces 2,500 units of output per week. After an additional worker is hired, output rises to 2,620 units per week. If the weekly wage paid to a worker is $480, what is the firm's short-run marginal cost?


A) $4
B) $120
C) $480
D) None of the above is correct.

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