If a Firm Hires Another Unit of Labor,output Goes Up

question 52

Multiple Choice

If a firm hires another unit of labor,output goes up by 12 units.The wage rate for the unit of labor is $6.What is the firm's cost of producing another unit of output using labor?

• A) $18
• B) $9
• C) $1.50
• D) $0.50

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Definitions:

Coconuts

Tropical fruits known for their hard shell, edible white flesh, and water, utilized for various culinary, cosmetic, and industrial purposes.

Fish

Aquatic, cold-blooded vertebrates with gills and limbs in the form of fins, living in seas or freshwater.

Feasible Combination

A combination of goods or input factors that can be produced or used given the available resources and technology.

Coconuts

Large, round, tropical fruits with a hard outer shell, edible white flesh inside, and a clear liquid called coconut water at the center.