The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. The marginal cost of the 4^th employee is:

Question

Quizplus · Accepted Answer

The total cost of 4 employees is $38,000 (= $9,500 F1F1F1S1F1F1F10 4). Thus, when the number of employees increases from 3 to 4, total labor costs increase by $11,000 (= $38,000 - $27,000).

The Table Below Shows How Total Donations, Average Donations, Total