The marginal factor cost to the firm of hiring worker

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Reference no: EM13986863

A firm is hiring 9 workers at $8.00 per hour. In order to hire an additional (10th) worker it must raise the wage it pays (to all workers) to $8.50 per hour. The marginal factor cost to the firm of hiring the 10th worker is

a) $13.00

b) $8.00

c) $64.50

d) $8.25

e) $8.50

Reference no: EM13986863

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