-From the information in the above table, calculate the marginal factor cost of the third worker.
Definitions:
Shares
Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.
Benefit
An advantage, profit, or gain received or enjoyed by an individual or entity, often as a result of a contract, employment, or other agreement.
Promoter
An individual or company who takes initiative to organize, finance, or promote and start up a new business venture or event.
Agent
An individual authorized to act on behalf of another, known as the principal, in dealings with third parties.
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