A lawn service is deciding whether to add an additional employee to its summer crew. The marginal cost of hiring this worker depends on the
A) total amount paid to only the new worker.
B) total amount paid to all previously hired workers.
C) the total amount paid to all the workers, both the new one and the previously hired workers.
D) the additional revenue created by having an additional worker minus the cost of hiring the worker.

Question

Quizplus · Accepted Answer

The marginal cost of hiring an additional worker is the cost associated with hiring that specific worker, which is the total amount paid to only the new worker.

A Lawn Service Is Deciding Whether to Add an Additional