Question: Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hour. The last unit of labor hired

Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hour. The last unit of labor hired enabled the firm to increase its hourly production from 250 units to 251 units. What was the marginal cost of producing 251 units of output instead of 250?

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