Consider a Small, Remote Town with Only One Employer -

question 32

Multiple Choice

Consider a small, remote town with only one employer - a gold mining firm. Suppose the current work force is 875 workers, each of whom is paid $6000 per month. In order to attract one additional worker , the employer must increase the wage to $6025 per month. The marginal cost of this additional worker is

• A) $5.28 million per month.
• B) $27 900 per month.
• C) $21 875 per month.
• D) $5.25 million per month.
• E) $21 900 per month.

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Definitions:

White Philanthropists

Individuals from white communities who donate their resources or time to support charitable causes, often with a focus on addressing social inequalities.

Theodore Roosevelt

The 26th President of the United States, known for his progressive policies and leadership of the Rough Riders in the Spanish-American War.

White Southerners

Refers to white inhabitants of the Southern United States, a group historically significant for its role in the Civil War, segregation, and the civil rights movement.

White House

The official residence and workplace of the President of the United States, located at 1600 Pennsylvania Avenue NW in Washington, D.C.