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A Firm Can Hire 20 Workers for $10 Per Hour,but

Question 37

Multiple Choice

A firm can hire 20 workers for $10 per hour,but finds it must raise the wage to $11 to attract another worker.If it must pay all its workers the same wage,the marginal wage cost of the 21st worker is:


A) $10
B) $11
C) $21
D) $31

Correct Answer:

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