-In the Above Table, What Is the Marginal Factor Cost

question 92

Multiple Choice

-In the above table, what is the marginal factor cost of the 5th worker?

• A) $22
• B) $18
• C) $90
• D) $26

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Definitions:

Corporate Tax Rate

The percentage of a corporation's profits that it must pay as tax to the government.

Straight Line Basis

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Working Capital

The difference between a company's current assets and its current liabilities, representing the short-term liquidity and operational efficiency of the company.