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

question 253

Multiple Choice

-In the above table, if the marginal factor cost is $960, how many workers would be hired?

• A) 3
• B) 4
• C) 5
• D) 2

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Definitions:

Disposal

Refers to the process of getting rid of an asset or substance.

CCA

Capital Cost Allowance, a tax deduction in Canada that represents a yearly depreciation charge for the cost of assets of a business over a period of time.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the rate applied to their highest tier of income.

Income

The money received, especially on a regular basis, for work, through investments, or from business activities.