Paul is the owner of Paul's Popcorn Palace.Paul is a profit-maximizing owner whose firm operates in a competitive market.An additional worker costs Paul $200 and has a marginal productivity of 40 canisters of popcorn.Assuming no other variable costs,what is the marginal cost of a popcorn?
A) $200
B) $8
C) $5
D) There is insufficient information available to answer this question.
Correct Answer:
Verified
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