A firm currently has 5 workers each paid $15 per hour. If it decides to hire a

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

	a.	$3
	b.	$18
	c.	$15
	d.	$33

Related Book For answer-question

Taxes and Business Strategy A Planning Approach

ISBN: 9780132752671

5th edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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Posted Date: Jan 08, 2021 01:05 AM

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A firm currently has 5 workers each paid $15 per hour. If it decides to hire a

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Solution The marginal cost of hiring the 6th worker is total ... View the full answer

Taxes and Business Strategy A Planning Approach

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