Exhibit 11-11 Labor wage and cost data $$\begin{array} { | c | c | c | c | }
\hline \text { Labor } & \text { Wage } & \text { TWC } & \text { MFC } \
\hline 10 & \$ & \$ 50.00 & \$ \
11 & 5.80 & & \
12 & & & 17.80 \
13 & & 102.70 & \
14 & & 126.00 & \
15 & & & 46.50 \
\hline
\end{array}$$
-In Exhibit 11-11, the marginal factor cost of the 13th employee is equal to:

Question

Exhibit 11-11 Labor wage and cost data $$\begin{array} { | c | c | c | c | } 
\hline \text { Labor } & \text { Wage } & \text { TWC } & \text { MFC } \
\hline 10 & \$ & \$ 50.00 & \$ \
11 & 5.80 & & \
12 & & & 17.80 \
13 & & 102.70 & \
14 & & 126.00 & \
15 & & & 46.50 \
\hline
\end{array}$$
-In Exhibit 11-11, the marginal factor cost of the 13th employee is equal to:

Quizplus · Accepted Answer

The marginal factor cost (MFC) is the additional cost of hiring one more worker. To find the MFC of the 13th employee, subtract the total wage cost (TWC) of 12 employees from the TWC of 13 employees: $102.70 - $81.60 = $21.10.

Exhibit 11-11 Labor Wage and Cost Data -In Exhibit 11-11, the Marginal Factor Cost of the 13th