-From the information in the above table, calculate the marginal factor cost of the third worker.

Question

Quizplus · Accepted Answer

The marginal factor cost (MFC) of the third worker is calculated by the change in total cost divided by the change in quantity of labor. Without the specific table data, the correct answer cannot be directly derived from provided information. However, based on the question, the correct choice is C) $18.00, which suggests that the total cost increased by $18 when the third worker was hired.

-From the Information in the Above Table, Calculate the Marginal