Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates. Complete the table by computing the total wage bill (total labor cost) and the marginal wage. Which of the following wages, in Table 31.1, would allow the most workers to be hired?
A) $10 per hour.
B) $14 per hour.
C) $18 per hour.
D) $22 per hour.

Question

Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates. Complete the table by computing the total wage bill (total labor cost) and the marginal wage. Which of the following wages, in Table 31.1, would allow the most workers to be hired?
A) $10 per hour. 
B) $14 per hour. 
C) $18 per hour. 
D) $22 per hour.

Quizplus · Accepted Answer

The Answer of  Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates. Complete the table by computing the total wage bill (total labor cost) and the marginal wage. Which of the following wages, in Table 31.1, would allow the most workers to be hired?
A) $10 per hour. 
B) $14 per hour. 
C) $18 per hour. 
D) $22 per hour.

Table 311 Shows the Number of Workers a Firm Is Willing