As a result of increasing its workforce from 9 workers to 10 workers, a firm's total revenue per day increases from $60,000 to $60,250 and its total cost per day increases from $58,500 to $58,700. The marginal profit of the 10th worker is

Question

Quizplus · Accepted Answer

The marginal profit of the 10th worker is calculated by subtracting the increase in total cost ($200) from the increase in total revenue ($250), resulting in a marginal profit of $50.

As a Result of Increasing Its Workforce from 9 Workers