Table 8.4
-Refer to Table 8.4.When the second worker is hired,the marginal cost is equal to

Question

Quizplus · Accepted Answer

When the second worker is hired, the marginal cost is equal to $6, which is the additional cost of hiring one more worker. Thus, the best choice would be to hire only one worker, as the additional cost of hiring a second worker would exceed the additional revenue generated by that worker, resulting in a decrease in profit.

Table 8.4 -Refer to Table 8.4.When the Second Worker Is Hired,the Marginal