The total cost of 4 workers is $800 per day, if the marginal-resource cost of the 5th worker is $150 per day what is the total cost of 5 workers?

Name: The total cost of 4 workers is $800 per day, if the marginal-resource cost of the 5th worker is $150 per day what is the total cost of 5 workers?
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Quizplus · Accepted Answer

The total cost of 4 workers is $800. Adding the 5th worker with a marginal-resource cost of $150 results in a total cost of $950 for 5 workers.

The Total Cost of 4 Workers Is $800 Per Day