Multiple Choice
A firm has a single wage rate.At present 10 workers are employed at $50 per day.Wages are raised to $55 per day to attract an extra worker.The marginal labor cost per day is:
A) $5.
B) $10.
C) $55.
D) $105.
The 11th worker costs $55,but all 10 other workers require a $5 increase in wage.Thus,the total increase is $105.
Correct Answer:
Verified
Correct Answer:
Verified
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