Solved

A Firm Currently Has 5 Workers Each Paid $15 Per

Question 35

Multiple Choice

A firm currently has 5 workers each paid $15 per hour.If it decides to hire a 6th worker,the hourly wage increases to $18 for all workers.What is the marginal cost of hiring the 6th worker?


A) $3
B) $18
C) $15
D) $33

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: Total costs increase from $1,500 to $1,800

Q31: A company is producing 15,000 units.At this

Q32: Jim' burger produces 500 burgers per week.Each

Q33: A firm currently has 5 workers each

Q34: What is the average total cost of

Q35: Total costs increase from $1,500 to $1,800

Q37: Use the following to answer questions 4-8:<br>

Q38: According to the law of diminishing returns,<br>A)Some

Q39: Average cost is<br>A)Total variable cost divided by

Q40: Use the following table to answer questions