Exhibit 26-3 ​ Refer to Exhibit 26-3. the Marginal Factor Cost (MFC)of the Factor

question 101

Multiple Choice

Exhibit 26-3 ​

Refer to Exhibit 26-3. The marginal factor cost (MFC) of the fourth unit of labor is

• A)greater than $10 if the firm expects to hire the fourth worker.
• B)the same as the MFC of the first unit.
• C)less than the wage rate.
• D)greater than the wage rate.

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