Multiple Choice
Austin's total fixed cost at the bakery is $3,600 a month.Austin employs 20 workers and pays each worker $8 an hour.The marginal product of the twentieth worker is 12 iced cupcakes an hour.What is the marginal cost of the last cupcake produced by the last worker Austin hired?
A) $0.26
B) $0.66
C) $3.81
D) $8.00
Correct Answer:
Verified
Correct Answer:
Verified
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