The cost of hiring the last worker is
A) his or her wage.
B) his or her marginal product.
C) the value of his or her marginal product.
D) his or her profit.

Name: The cost of hiring the last worker is A) his or her wage. B) his or her marginal product. C) the value of his or her marginal product. D) his or her profit.
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Question

Quizplus · Accepted Answer

The cost of hiring the last worker is his or her wage, as this is the direct cost incurred by the employer for employing that worker.

The Cost of Hiring the Last Worker Is