Question

Suppose labour is available to a firm at a cost of ​$ 15per hour.​ Also, suppose that employing another hour of labour adds 3 units to​ output, and any amount of output can be sold for ​$10 per unit.

To the nearest​ dollar, an additional hour of labour would add ​$___
nothing in additional revenue to the firm. Your answer should be a whole number.

Answer 1

$30

Explanation:

Additional hour gives 3 units of output. Each is sold for $10. The total revenue for the additional labour hour would be 3 units x $10 for each.

=$10 x 3

=$30