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Suppose a Firm Can Hire 100 Workers at $8

Question 62

Multiple Choice

Suppose a firm can hire 100 workers at $8.00 per hour but must pay $8.05 per hour to hire 101 workers. Marginal factor cost (MFC) for the 101st worker is approximately equal to:


A) $8.00.
B) $8.05.
C) $13.05.
D) $13.00.

Correct Answer:

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