If the wage rate is $10 per hour and one worker can currently produce 2 units of output per hour,then the marginal cost of production is

Name: If the wage rate is $10 per hour and one worker can currently produce 2 units of output per hour,then the marginal cost of production is
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The marginal cost of production is the cost of producing one additional unit of a good. If a worker is paid $10 per hour and produces 2 units per hour, the cost per unit is $10 / 2 units = $5 per unit.

If the Wage Rate Is $10 Per Hour and One