Labor is hired at a constant wage rate

Reference no: EM13695176

If a firm hires 312 workers it produces 4,522 computers. If it hires 313 workers it produces 4,786 computers. If computers sell at a constant price of $1 and labor is hired at a constant wage rate of $65 per worker:

A. the marginal factor cost of labor is $65.

B. the firm should hire and retain the additional worker.

C. the marginal revenue product of the added worker is $264.

D. all of the above

E. the additional employee brings into the firm a NET revenue of $112.

Reference no: EM13695176

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