Register

A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour. The marginal fa…

A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour. The marginal fa…
asked 127k views
4 votes
A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour.

The marginal factor cost to the firm of hiring the 21st worker is $____.

asked
User Michael Roland
by
8.0k points

1 Answer

5 votes

Answer:

$31 per hour

answered
User Dan Sterrett
by
8.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!