If the marginal cost of hiring another worker to produce sandwiches is $4 per sandwich, and sandwiches sell for $5 each, then:
A) another worker should be hired.
B) another worker should not be hired.
C) two more workers should be hired.
D) Not enough information is given to answer this question.
Correct Answer:
Verified
Q127: Marginal cost is:
A)the additional output a firm
Q128: Q129: Average variable costs: Q130: The marginal cost curve: Q131: How long is the long run? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)decrease when marginal product rises
A)is U-shaped.
B)rises when marginal
A)It is
