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.